Income tax reductions can increase the profitability of human capital to households
a. True
b. False
A
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What is quantitative easing? What was the Fed's objective in implementing quantitative easing?
What will be an ideal response?
During periods of unemployment
A) the economy operates at a point inside the production possibilities curve. B) the economy operates at a point outside the production possibilities curve. C) the production possibilities curve shifts inward. D) the production possibilities curve shifts outward.
An increase in the price of a good will a. increase supply
b. decrease supply. c. increase quantity supplied. d. decrease quantity supplied.
Suppose Jon Stewart of the "Daily Show" makes an annual income of $2,000,000. If he quit his television job and went into producing he could make $400,000 per year. Jon Stewart's annual economic rent to labor is
A) $1,400,000. B) $2,000,000. C) $400,000. D) $1,600,000.