If a three-fourths majority of both houses of the U.S. Congress was required for approval of a spending project, economic analysis indicates that
A) inefficient government spending programs would expand.
B) the political power of special-interest groups would increase.
C) federal spending would increase sharply from the current level.
D) the power of special interests would be diminished and federal spending reduced.
D) the power of special interests would be diminished and federal spending reduced.
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Under SFAS No. 13, equal monthly rental payments for a particular lease should be charged to rental expense by the lessee for which of the following?
Capital lease Operating lease a. Yes No b. Yes Yes c. No No d. No Yes
In a certain textile firm, labor is the only short term variable input. The manager notices that the marginal product of labor is the same for each unit of labor, which implies that
A) the average product of labor is always greater that the marginal product of labor B) the average product of labor is always equal to the marginal product of labor C) the average product of labor is always less than the marginal product of labor D) as more labor is used, the average product of labor falls E) there is no unambiguous relationship between labor's marginal and average products.
Use the following table to calculate the unemployment rate. Select the correct answer from the options below. In millionsCivilian population270People incapable of working70People not looking for work60Employed workers133
A. 3 percent B. 7 percent C. 5 percent D. 9 percent
In the country of Kwaki, people produce canoes, fish for salmon, and grow corn. In one year they produced 5000 canoes using labor and natural materials only, but sold only 4000, as the economy entered a recession. The cost of producing each canoe was $1000, but the ones that sold were priced at $1250. They fished $30 million worth of salmon. They used $3 million of the salmon as fertilizer for corn. They grew and ate $55 million of corn. What was Kwaki's GDP for the year?
What will be an ideal response?