To promote long-term economic growth, national governments should:
a. Increase government spending and reduce taxes.
b. Reduce government spending and increase taxes.
c. Establish fair rules of behavior and provide the means to enforce them.
d. Promote research and development with federal funds.
e. Impose tariffs and quotas until the nation is on its feet.
.C
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In a market system, prices are used to coordinate economic activity
a. True b. False Indicate whether the statement is true or false
Compared to other high-income countries, health care spending per person in the United States has been
A) growing at a faster rate. B) declining at a faster rate. C) growing at approximately the same rate. D) declining at approximately the same rate.
Relating to the Economics in Practice on page 374: Considerable evidence suggests that recently in the United States,________ has increased and ________ has stagnated.
A. the real wage for women; the real wage for men B. the real wage; the nominal wage C. the nominal wage of the average worker; executive compensation D. executive compensation; the real wage of the average worker
A program under which the government gives all citizens a substantial lump sum payment that is financed by a tax earned income is termed a(n) ________.
A. positive income tax. B. in-kind transfer. C. negative income tax. D. unearned income tax credit.