Total factor productivity encompasses
A) labor.
B) capital.
C) output.
D) know-how.
D
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Investment banks are vulnerable because
A) the maturity of their liabilities is less than the maturity of their assets. B) the maturity of their assets is less than the maturity of their liabilities. C) they tend to be underleveraged. D) they tend to primarily hold short-term assets.
If an individual who earns $20,000 pays $2,000 in taxes and another individual who earns $100,000 pays $10,000 in taxes, then these individuals are being taxed under a _______ tax system
a. toll b. regressive c. progressive d. proportional e. negative income
Which of the following statements concerning the effects of demographics on consumption is not true?
a. The size of the population affects the slope of the consumption function. b. The age of the population affects the slope of the consumption function. c. Other things equal, the level of consumption will rise with increases in population. d. Younger households tend to have higher MPCs than older households. e. Older households tend to have higher MPSs than younger households.
The only factor that can cause movement along the aggregate supply curve is the
a. labor force. b. capital stock. c. availability of resources. d. price level. e. All of the above are correct.