A breakthrough in technology is most likely to:
a. reduce the labor needed to produce a given amount of output.
b. decrease the demand for all goods and services in a country.
c. increase the cost of production for a firm
d. reduce the availability of skilled workers.
e. lower the standard of living in a country in the long run.
a
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How do your authors explain the vast differences between the growth rates of the United States and India?
A) The tremendous degree of central planning in the United States B) Exploitation of the poorer nation by the richer nation C) The problems of central planning in India D) The lack of central planning in India E) The strength of the union movement in the United States
Explain why a tax increase on cigarettes in one state might not lead to a substantial price increase for all consumers in that state
What will be an ideal response?
If stockholders allow the company to reinvest its profit, then
a. they will be personally liable for additional debts b. the company's stock price will rise c. the company's assets will decline d. these dividends will be distributed to the stockholders e. these profits can only be used to purchase equipment
Which of the following is true about the Monetary Control Act of 1980?
A. It placed credit unions, mutual savings banks, and nonmember banks under regulatory institutions other than the Fed. B. It deregulated the banking industry. C. It further restricted the Federal Reserve's control of the banking system. D. It reduced the distinction between different types of depository institutions.