Each of the 15 members of the European Union that joined before May, 2004 use the euro as their currency
Indicate whether the statement is true or false
FALSE
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Which is a good example of an increase in total factor productivity?
A) a tax cut B) good weather C) a company reducing its workforce D) better credit conditions
Generally speaking, firms _____ of their capital assets
a. prefer straight-line depreciation b. prefer accelerated depreciation c. are indifferent between straight-line and accelerated depreciation d. prefer not to depreciate
All of the following statements are true regarding voluntary production reduction programs EXCEPT
A. they offer firms incentives to reduce their production voluntarily. B. they include payments to producers who reduce production. C. they are an attempt to limit supply. D. they are an attempt to protect consumers from high prices.
A conservative who was opposed to an increase in the size of the government sector but believed in the Keynesian approach to aggregate demand management would most likely favor which of the following expansionary policies?
a. increase taxes b. decrease taxes c. increase government spending d. decrease government spending