Firms earning negative profits in the short run should always shut down.
Answer the following statement true (T) or false (F)
False
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The single most important contributor to China's economic growth has been ________
A) government-directed credit to key economic sectors B) strong demand for China's exports C) rapid improvements in worker productivity D) a substantial increase in the utilization of labor and capital inputs
Any practice that forces employers to use more labor than they would otherwise use is
A) closed shop. B) monopolistic exploitation. C) a craft union. D) featherbedding.
The Taxpayer Relief Act of 1997 created the Hope Higher Education Scholarship program which provides a maximum of $1,500 in tax credits for the first two years of college for families with adjusted-gross incomes of less than $100,000 . What effect do you think this act might have on the aggregate supply curve?
Other things the same, which of the following responses would we expect from an increase in U.S. interest rates?
a. Your aunt puts more money in her savings account. b. Foreign citizens decide to buy fewer U.S. bonds. c. You decide to purchase a new oven for your cookie factory. d. All of the above are correct.