Fiscal policy is the use of
A. Trade policy to alter macroeconomic outcomes.
B. Money and credit controls to alter macroeconomic outcomes.
C. Government spending and taxes to alter macroeconomic outcomes.
D. Tax incentives, deregulation, and other mechanisms to increase the ability and willingness to produce goods and services.
Answer: C
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Which of the following is a prerequisite for sustainable economic growth?
A) Private foreign investment B) A literate populace C) Aid provided by international agencies D) An easy monetary policy E) An abundance of natural resources
In January 2015, Tim's Gyms, Inc owned machines valued at $1 million. During the year, the market value of the equipment fell by 30 percent. During 2015, Tim spent $200,000 on new machines. During 2015, Tim's gross investment totaled
A) $1 million. B) $300,000. C) $200,000 D) $900,000.
A study concludes that in DVCs rising incomes must first be achieved and only then will there be slower population growth. What view of DVC population growth would it be supporting?
A. Traditional view B. Peasant agriculture view C. The will-to-develop view D. Demographic transition view
The graph shown best represents:
A. a missing market. B. a market for an inferior good. C. a non-binding price ceiling. D. a non-binding price floor.