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Q1. Disposable personal income equals personal income
a. minus government transfer payments plus personal tax payments.
b. plus government transfer payments.
c. minus personal tax payments plus government transfer payments.
d. minus personal tax payments.
Q2. What two factors are the keys to determining labour productivity?
a. the average level of education of the workforce and the price level
b. the business cycle and the growth rate of real GDP
c. technology and the quantity of capital per hour worked
d. the growth rate of real GDP and the interest rate.
Explain what occurs when a new technology makes another one obsolete in terms of economic profit?
Gains from trade will result if a country specializes.
When would it make sense for a factory that is losing money to remain in operation
This document contains various important questions and their appropriate answers in the subject field of Economics.
Analyze the USA financial meltdown that happened in 2008-2009. This crisis was partially caused by the reward systems that were in place for participants in the financial system. Identify the major participants in the financial system.
Draw the production possibility curve and a. Define consumer surplus and producer surplus.
A concrete and building materials company is trying to bring the company funded portion of its employee retirement fund into compliance with HB-301.
Why do celebrity icons receive such widespread attention and adulation
The municipal swimming pool charges lower entrance fees to local residents than to non-residents. Conclude that non-residents must have for swimming at the pool than residents.
Depict the von Neumann-Morgenstern utility index u in a diagram
Compare the rationale of the Reagan administration for the 1981 tax reductions with the rationale behind the Kennedy-Johnson tax cut of 1964
Semiconductor chips are used to store information in electronic products, such as personal computers. One of the early leaders in the production of these chips was Texas Instruments (TI).
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