Which of the following is subject to double taxation?
A) income earned by people in the lowest tax bracket
B) Social Security income
C) dividends and retained earnings
D) income earned by government employees
C
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Olives are used to produce olive oil. If the price of olives increases
A) the supply of olive oil decreases. B) the supply of olive oil increases. C) the demand for olive oil decreases. D) the demand for olive oil increases.
What effect does an increase in the price level have on the demand for money and the demand for money curve?
What will be an ideal response?
A typical wheat farmer would never consider cost-plus-markup pricing because
A) he cannot clearly estimate his costs. B) the most profitable price he can ask for is the prevailing market price. C) the government won't allow it. D) he is a price searcher.
Assume that a firm's interest-rate cost-of-funds curve for R&D is perfectly elastic. Which of the following would increase a firm's optimal R&D expenditures and, in equilibrium, leave the expected rate of return on the last dollar of R&D
unchanged? A. A rightward shift of the expected-rate-of-return curve. B. An upward shift of the interest-rate cost-of-funds curve. C. A leftward shift of the expected-rate-of-return curve. D. A downward shift of the interest-rate cost-of-funds curve.