State and local governments rely on ________ as their primary source of tax receipts.

An employer would never operate on the upward-sloping part of an MRP curve because

A. he or she would not be maximizing profits. B. he or she would be hiring workers at wages above MRP. C. the number of workers is too large to get economies of scale. D. he or she would then have too little capital per worker.

Which of the following is a major measure of economic growth?

A. Changes in real GDP. B. The fall in the rate of unemployment. C. The rise in the price level. D. Changes in interest rates.