Corporate profits are taxed twice
a. True
b. False
Indicate whether the statement is true or false
True
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The natural rate of unemployment is that rate
A) below which the economy can never be. B) corresponding to full-employment. C) corresponding to a constant rate of inflation. D) which is zero.
An American consumer wants to buy a Swiss watch. The exchange rate is 1USD=0.89 CHF(Swiss Francs). The watch costs 100 Swiss Francs. How much would it cost him in dollars?
a. $89 b. $112.36 c. $100 d. $160.82
Which of the following options could be used to eliminate a recessionary gap?
a. Increase government spending. b. Decrease government spending. c. Decrease investment. d. Increase taxes.
Select the best answer: A recap of the effects of NAFTA for its first 9 years reveals some adjustment costs were offset by:
I. benefits for U.S. manufacturing productivity. II. benefits for U.S. consumers. III. benefits for higher-wage workers in Mexican maquiladora industries. a. I b. II c. III d. I, II, and III