To decrease anxiety in its most accomplished teachers, a school decides to offer them tenure, to help them concentrate on teaching better. Instead it notices that even the best of the teachers started to get sloppy with their work. The school did not foresee

Based on the production function in the above figure, which of the following is an attainable combination of labor and real GDP?

i. 300 billion hours of labor and real GDP of $20 trillion ii. 300 billion hours of labor and real GDP of $8 trillion iii. 100 billion hours of labor and real GDP of $12 trillion A) i only B) ii only C) iii only D) ii and iii E) i and ii

Business-related expenses of employees are higher than they otherwise would be due to most business-related expenses being _____

a. frivolous b. accounted for at personal tax rates, not corporate tax rates c. a tax credit for the individual d. nontaxable fringe benefits