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.
b
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Labor costs $20 per worker and capital costs $100 per unit. Then, according to the above table, which of the following options for pizza production is technologically efficient?
A) Option 1 B) Option 2 C) Option 4 D) All of the above listed options are technologically efficient.
Increasing marginal cost is associated with:
a. decreasing marginal product. b. increasing marginal product. c. decreasing average product. d. increasing total product.
The model: Yt =
0 + 1ct + ut, t = 1,2,……., n is an example of a(n):
A. autoregressive conditional heteroskedasticity model. B. static model. C. finite distributed lag model. D. infinite distributed lag model.
Consider the table below, in which each production choice represents a point on a production possibility curve.ChoiceEggsRyeA100B810C620D430E240F050This production possibility table could be graphed as a:
A. curved line with negative slope. B. straight line with negative slope. C. straight line with zero slope. D. curved line with positive slope.