The federal corporate income tax is
A) unfair. B) progressive. C) proportional. D) regressive.
B
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The process of a government intervening to maintain the value of their exchange rate after shock to their economy is known as
A) sterilization. B) preventative therapy. C) beggar-thy-neighbor policies. D) the liquidity effect.
Which of the following will shift the aggregate demand curve outward?
a. tax cuts and government spending cuts b. tax increases and government spending increases c. tax cuts and government spending increases d. tax increases and government spending increases
As output is expanded, if marginal cost (MC) is less than average total cost (ATC),
a. ATC must be at its minimum. b. ATC must be at its maximum. c. ATC must be decreasing. d. the firm must be earning economic profit.
Trade causes wages in countries with high productivity to increase and wages in countries with low productivity to decrease.
Answer the following statement(s) true (T) or false (F)