_____ taxation, either through exemptions, deductions, or credits, that are designed to further some goal of social policy
a. Indexation is a increase in
b. Tax expenditures are a reduction in
c. Bracket creep is an increase in
d. The broadening of the tax base is an increase in
b
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Students who leave school in the spring and look for work are one source of ________
A) structural unemployment B) cyclical unemployment C) frictional unemployment D) business-cycle fluctuations
Assume there is an improvement in technology that increases the marginal product of each unit of labor. This would have the effect of:
A) reducing the average total cost, average variable cost, and marginal cost of production. B) increasing the average total cost, average variable cost, and marginal cost of production. C) reducing the average variable cost and marginal cost of production, but average total cost would be unchanged. D) reducing the average total cost and average variable cost of production, but marginal cost would be unchanged.