Corporate taxes are levied on the profits of all firms.
Answer the following statement true (T) or false (F)
False
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Contractionary monetary policy causes
A) aggregate demand to fall and the price level to rise. B) aggregate demand to rise and the price level to rise. C) aggregate demand to rise and the price level to fall. D) aggregate demand to fall and the price level to fall.
When does technology spillover occur?
a) when a firm passes the high costs of technical research on to society through higher prices b) when copyright laws prohibit firms from profiting from the research of others c) when a firm's research yields technical knowledge that is used by society as a whole d) when the government subsidizes firms engaged in high-tech research
Which statement is false?
A. Oligopolies are illegal in most states. B. Most oligopolies engage in outright collusion. C. Ford Motor Company is an oligopoly. D. None of these statements are false.
Suppose the consumer price index (CPI) for Year X is 130. This means the average price of goods and services is:
A. currently $130. B. 130 percent more in Year X than in the base year. C. 130 percent more in the base year than in Year X. D. priced at 30 percent more in Year X than in the base year.