Critics of supply-side economics:
A. argue that a tax cut will increase aggregate supply by more than it increases aggregate
demand.
B. contend that the relationship between tax rates and economic incentives is small and of
uncertain direction.
C. believe that a decline in tax rates will increase tax revenues.
D. point out that tax cuts enable households to substitute work for leisure.
B. contend that the relationship between tax rates and economic incentives is small and of
uncertain direction.
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A commodity is ____ if it is used up when someone consumes it.
A. marginal B. scalable C. depletable D. replaceable
Physicians who agree to accept Medicare's approved payment as full payment are participating providers. Non-participating providers are allowed to balance bill their patients. What does this mean?
a. The physician balances their usual fee equally between Medicare and the patient. b. The patient must pay the entire bill without the assistance of Part B insurance. c. The physician has a guarantee that the patient will pay the balance of the bill left after Medicare pays its approved fee. d. Non-participating physicians can bill the patients the difference between their usual fees and the amount Medicare actually pays (not to exceed 15 percent of the allowable fee)
Indians and Indian-Americans have played a pivotal role in powering Silicon Valley's digital revolution. The emigration of talented people from countries like India to countries like the United States is often called:
A. credentialism. B. the brain drain. C. Malthusianism. D. outsourcing.
If the population is growing as fast the economy, then per-capita output is growing.
Answer the following statement true (T) or false (F)