Provisions of the 2009 Economic Recovery Act (i.e., President Obama's "Stimulus Package") calling for tax credits for first-time home buyers and hybrid cars confirm that the
A. Obama Administration believes that taxes can alter the spending decisions of taxpayers.
B. Obama Administration is committed to across-the-board reductions in personal income tax rates.
C. Bush Administration's tax cuts were too costly.
D. credo of Congress is "No Good Deed Will Go Untaxed."
Answer: A
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In a small European country, it is estimated that changing the level of capital from $8 million to $10 million will increase real GDP from $2 million to $3 million
If the number of hours worked in the labor force does not change, what does this information tell you about the slope of the per-worker production function in this range? A) The slope is -2. B) The slope is 1/2. C) The slope is 2. D) The slope is 4.
Security threats, economic desperation, oppression, and family separation often lead to______ , a situation that commonly creates human rights questions even within stable democracies.
Fill in the blank(s) with the appropriate word(s).
In the Cournot model, when a new firm begins production it assumes its demand curve is
A. the market demand plus the amount the other firm is selling. B. the same as the competing firm's demand curve. C. one-half of the competing firm's demand curve. D. the market demand less the amount the other firm is selling.
A tax-cut will have a greater effect on equilibrium GDP if the:
A. Marginal propensity to consume is smaller B. Marginal propensity to save is smaller C. Marginal propensity to save is larger D. Average propensity to consume is larger