Which of the following is true of Carter administration?
a. Dramatic expansion of Social Security and Medicare programs
b. Large income tax cuts, especially for the wealthy
c. Deregulation of airlines, trucking, railroads and the financial services industry
d. Government control of gasoline and food prices
c. Deregulation of airlines, trucking, railroads and the financial services industry
You might also like to view...
Which of the following acts was/were designed to take out the risk in the securities industry?
(a) Truth in Securities Act of 1933 (b) Fair Labor Standards Act of 1938 (c) Social Security Act of 1935 (d) All of the above
Economics is the study of the allocation of scarce resources and scarce time, and the ways in which people utilize those resources or that time
a. True b. False Indicate whether the statement is true or false
If the quantity of a good exchanged increased, a. It would also increase the price if it was caused by a shift in demand
b. It would also increase the price if it was caused by a shift in supply. c. We would not know how price would change if we didn't know whether it was due a shift in demand or a shift in supply. d. Answers a. and c. would both be true.
If there is excess demand in a market, then this suggests that:
A. there is no way to help some people without harming others. B. the market is in equilibrium. C. the market price is above the equilibrium price. D. there is an opportunity for mutually beneficial trades.