Refer to Table 11-2. What is the average product of labor when the orchard employs 5 workers?

Which of the following statements about the Earned Income Tax Credit Program (EITC) program is FALSE?

A) On net the EITC discourages work by low- or moderate- income earners more than it rewards work. B) It provides rebates of Social Security taxes to low-income workers. C) Recipients who receive benefit payments under Social Security are also eligible for SSI. D) It is the largest poverty reduction program in the U.S..

In economics, capital refers to

a. the finances necessary for firms to produce their products. b. buildings and machines used in the production process. c. the money households use to purchase firms' output. d. stocks and bonds.