Increases in net investment generally result in
A) higher levels of capital stock and lower levels of depreciation.
B) lower levels of capital stock and higher levels of depreciation.
C) lower levels of capital stock and lower levels of depreciation.
D) higher levels of capital stock and higher levels of depreciation.
D
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Henry George claimed that land-rent taxes would not impair economic efficiency because:
A. They do not result in a change in the amount of land available B. Landowners are, as a group, financially secure and able to pay the taxes C. The supply of land is infinitely elastic D. Rents represent a small part of income paid to American resource suppliers, so taxes on wages and salaries are more disruptive
International participants
A. Participate in both American factor markets and American product markets. B. Participate only in American product markets. C. Participate only in American factor markets. D. Take no part in American markets.