Which of the following is the best definition of economic growth?
A) the opportunity cost of capital
B) the sustained expansion of production possibilities
C) the investment in capital and consumption goods by an economy
D) increased development of land and entrepreneurship
E) the opportunity cost of consumption
B
Economics
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Homeowners may deduct all of the following expenses when preparing their income tax return EXCEPT
A) real estate taxes. B) mortgage interest on a first home. C) mortgage interest on a second home. D) mortgage interest on a third home.
Economics
Actions by the Federal government that decrease the progressivity of the tax system:
A. Decrease the amount of government spending B. Increase the effect of automatic stabilizers C. Decrease the effect of automatic stabilizers D. Increase the multiplier effect
Economics