The branch of economics that studies the decisions made by individuals and firms is called macroeconomics
Indicate whether the statement is true or false
False
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If you can figure out what people's__________ are, there is a good chance you can predict their behavior
a. birthdays b. incentives c. total costs d. marginal costs
If U.S. residents purchase $450 billion of foreign assets and foreigners purchase $575 billion of U.S. assets, then the U.S. has net capital outflows of -$125 billion and a trade deficit of $125 billion
a. True b. False Indicate whether the statement is true or false
In 2003 the top marginal federal income tax rate was reduced from 38.6 percent to _______.
Fill in the blank(s) with the appropriate word(s).
Human capital is
A. the investment people make in industries that make capital goods. B. the saving done by human beings. C. the knowledge and skills that people in the work force acquire through education and training. D. a measure of the labor productivity of workers.