A constant contributor to labor productivity growth during the entire 1948-2000 period was
a. capital formation.
b. technological change.
c. labor force growth.
d. government spending.
a
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If a good is offered to you free of charge, then you
a. never stop consuming it b. stop consuming it when its marginal utility begins to fall c. stop consuming it when its marginal utility begins to increase d. stop consuming it when its marginal utility equals 0 e. stop consuming it when its total utility equals 0
Using the theory of wage determination, explain why wages in developing countries, where levels of capital are small, are typically quite low
A friend tells you he is studying the incidence of the corporate income tax. What is the subject of his study?
A) how frequently corporations should be taxed B) how inflation affects the amount of tax revenue collected from firms C) how corporations can aid the government in collecting delinquent taxes D) how the burden of corporate taxation is distributed among stockholders, employees, and consumers
Input prices fall as entry occurs in an increasing-cost industry.
Answer the following statement true (T) or false (F)