The dominant school of economic thought from the 1930s into the 1960s was
A. the classical school.
B. the Keynesians.
C. the monetarists.
D. supply-side economists.
B. the Keynesians.
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If the government increases the corporate income tax,
A) the user cost of capital declines and V* increases. B) the user cost of capital declines and V* decreases. C) the user cost of capital increases and V* decreases. D) the user cost of capital increases and V* increases.
In the United States, in 1993 President ________________ signed the Family and Medical Leave Act (FMLA) which allows workers at companies with more than 50 employees to take up to 12 workweeks of unpaid leave to care for newborns and newly adopted
children or to care for ill family members or themselves. a. Ronald Reagan b. George Bush c. Bill Clinton d. George W. Bush
The Internet has created some special problems of intellectual property. One problem is that the
a. Internet is a monopoly, so the price of intellectual property exceeds marginal cost b. Internet market has not yet reached equilibrium c. property that can be downloaded, modified, and then re-sold d. marginal cost of enforcing property rights exceeds the marginal benefit e. price of intellectual property usually exceeds the marginal benefit
Gross Domestic Product (GDP) figures may understate the value of goods and services due to
A. the exclusion of the underground economy. B. the inclusion of legal non-reported, non-taxed income. C. the inclusion of household production. D. the exclusion of the value of stocks.