Nan effort to stop the migration of many of the automobile manufacturing facilities from the detroit area, detroit’s city council is considering passing a statute that would give investment tax credits to auto manufacturers. effectively, this would reduce auto manufacturers’ costs of using capital and high-tech equipment in their production processes. on the evening of the vote, local union officials voiced serious objections to this statute. outline the basis of the argument most likely used by union officials. (hint: consider the impact that the statute would have on auto manufacturers’ capital-to-labor ratio.) as a representative for one of the automakers, how would you counter the union officials’ argument?

Achecklists should be based on past

You want to make an investment in a continuously compounding account over a period of two years. what interest rate is required for your investment to double in that time period? round the logarithm value and the answer to the nearest tenth.

Complete the sentences. upper a decrease in current income taxes the supply of loanable funds today because it a. decreases; increases disposable income, which decreases saving b. has no effect on; doesn't change expected future disposable income c. decreases; decreases expected future disposable income d. increases; increases disposable income, which encourages greater saving upper a decrease in expected future income a. increases the supply of loanable funds today because households with smaller expected future income will save more today b. has no effect on the supply of loanable funds c. decreases the supply of loanable funds because it decreases wealth d. decreases the supply of loanable funds today because households with smaller expected future income will save less today