Corporations, like individuals, face an alternative minimum tax (AMT).
A. True
B. False
C. Uncertain
A. True
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Over the past year, output grew 4%, capital grew 2%, and labor grew 1%. If the elasticities of output with respect to capital and labor are 0.3 and 0.7, respectively, how much did productivity grow?
A) 2.0% B) 2.7% C) 3.0% D) 3.3%
Being first only works
A) if accounting profits are earned in the first year. B) if the entrepreneur has the working capital of a large firm. C) in a winner take all situation. D) all of these choices.
Which of the following shifts aggregate demand to the right?
a. a decrease in the money supply b. increases in the profitability of capital due perhaps to technological progress. c. the repeal of an investment tax credit d. a decrease in the price level
When the growth rate of the labor force is faster than the growth rate of the unemployed, the unemployment rate is falling.
Answer the following statement true (T) or false (F)