Research around the world indicates that the underground economy grows more widely when:
a. tax rates decrease
b. government regulations increase
c. government corruption is on the decline
d. all of the above make the underground economy grow
b
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Factor payments are
a. amounts paid to resource owners for the use of their resource b. amounts paid for goods c. another term for revenues d. the amount households put into savings e. payments made to workers who are employed only part time
Antitrust legislation prohibits a person from being on the board of directors of more than one firm at any time
Indicate whether the statement is true or false
Demand-pull inflation is due to:
A. minimum wage laws. B. labor cost increases. C. excess total spending. D. tax increase.
A firm has a total cost function of C(Q) = 50 + 10Q1/2. The firm experiences:
A. diseconomies of scale. B. constant returns to scale. C. economies of scale. D. All of the statements associated with this question are correct, depending on the quantity.