Factories and machines are examples of:
A. value-added goods.
B. non-market goods.
C. consumption goods.
D. capital goods.
Answer: D
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A decrease in the growth rate of labor productivity is likely to cause a decrease in ________
A) the growth rate of the real wage B) the growth rate of the marginal product of capital C) the growth rate of the labor supply D) the share of labor income in national income E) none of the above
The slope of a steep upward-sloping line is a smaller value than the slope of a nearly flat upward-sloping line
a. True b. False
President Reagan believed that the tax cuts of 1981 would stimulate the economy because the
a. marginal tax rates were too high, causing production costs to be too high, curbing production b. marginal tax rates were too high, causing production to be curbed by lack of demand c. marginal tax rates were too high, creating a disincentive effect on production d. marginal tax rates were too low, causing government revenues to fall, creating deficit spending and crowding out e. marginal tax rates were too low, causing government revenues to rise, creating surpluses that curbed overall production
Historically, when a diverse set of stocks is held over a lengthy time period, stocks have yielded a ______ rate of return and the variation in the rate of return has been _______. (Fill in the blanks)
A) low; high B) high; high C) high; low D) low; low