The Trump administration's policies to increase labor productivity growth include all of the following except
A) reducing business taxes.
B) reducing regulations on small businesses.
C) increasing infrastructure spending.
D) raising the federal minimum wage.
Answer: D
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Holding other factors constant, an increase in the tax rate on revenue generated by capital will:
A. decrease national saving. B. increase national saving. C. increase investment. D. decrease investment.
Courts generally use the ________ when determining the value of human life in wrongful death suits
A) compensating differential approach B) actuarial approach C) lost-income approach D) sentimental approach
Mike's Pretzels employs labor at a wage rate of $8 per hour and rents capital for $20 per hour. At its current level of labor and capital, the marginal product of labor is 24 and the marginal product of capital is 55
Is the firm currently maximizing profit? Explain.
If a macroeconomist studying the causes of unemployment asserts that a particular change in technology will cause the rate of unemployment to decrease by ten percent, then this macroeconomist is at which step in the process of developing an economic
model? A) Identify the endogenous variables. B) Develop a model. C) Compare the model with the data. D) Identify the exogenous variables. E) Conduct prediction and policy analysis.