In 2003, the Bush administration revised the tax bill to include provisions to:
A. delay tax increases from the 2001 bill.
B. decrease the child tax credit.
C. lower taxes on dividends.
D. increase taxes on capital gains.
Answer: C
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Labor productivity is defined as
A) the amount of workers per unit of input. B) the amount of input per worker. C) the increase in output per unit of machinery. D) the amount of output per worker.
What was the country’s trend rate of growth over this period?
Year || Growth Rate 1 5% 2 3 3 4 4 - 1 5 - 2 6 2 7 3 8 4 9 6 10 3
Assume point A on a linear production possibilities curve represents the combination of 12 coffees and 3 cappuccinos, and point B represents 3 coffees and 6 cappuccinos. Suppose coffees are on the vertical axis and cappuccinos are on the horizontal axis. The opportunity cost of a cup of coffee is:
A. 3 cappuccinos. B. 1/3 of a cappuccino. C. 9 cappuccinos. D. 6 cappuccinos.
When the IMF provides loans to developing countries, it often requires these countries to adopt:
A. a contractionary fiscal policy and an expansionary monetary policy. B. contractionary monetary and fiscal policies. C. expansionary monetary and fiscal policies. D. a contractionary monetary policy and an expansionary fiscal policy.