The concept of diversification is captured by the statement
A) don't look a gift horse in the mouth.
B) don't put all your eggs in one basket.
C) it never rains, but it pours.
D) make hay while the sun shines.
B
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Tax reduction and simplification should ________ long-run aggregate supply and ________ aggregate demand
A) decrease; increase B) increase; decrease C) decrease; decrease D) increase; increase
In the short run, a monopolistically competitive firm can earn
A) positive profits only. B) zero profits only. C) zero or positive profits only. D) zero, positive or negative profits.
The phase out of the subsidies for the purchase of health insurance will increase the implicit marginal tax rate on earnings for which of the following groups?
a. The elderly. b. Individuals and families with incomes between 133 percent and 400 percent of the poverty level. c. Individuals and families with incomes of more than 400 percent of the poverty level. d. All workers employed by firms with fewer than 50 full-time employees.
Right-to-work laws allow striking union members to be permanently replaced
a. True b. False Indicate whether the statement is true or false