The tax cut of 2009 had little significant effect on consumer spending because it
A. was not large enough.
B. was perceived as temporary.
C. came too early in the year.
D. was subtracted from 2008 taxes due.
Answer: B
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Which of the following is likely to cause a decrease in the natural rate of unemployment?
A) an increase in the percentage of the working-age population receiving disability insurance B) a decrease in the use of temporary workers C) a growing percentage of young workers in the labor force D) generous unemployment insurance benefits
National income:
a. represents total wages and salaries in an economy. b. equals GDP minus indirect business taxes. c. equals GDP minus depreciation. d. equals C + I + G + (X ? M). e. is the value of existing capital stock used up in making goods.
Which of the following products witnessed a high growth in the number of producers within a few years of market introduction, but was followed by a fast and substantial shakeout?
a. Tortilla b. Penicillin c. Livestock d. Fastfood
Generally, if a nation imposes a tariff on imports,
a. part of the tax is paid by foreign exporters. b. the entire tax is paid by foreign exporters. c. none of the tax is paid by foreign exporters. d. the tax has no impact on the profits of foreign exporters.