Which of the following statements is not true?
A. Taxes often create inefficiency but can increase equity.
B. Tax policy is often a balance between equity and efficiency.
C. Some taxes lead to greater efficiency.
D. Taxes are about efficiency not equity.
Answer: D
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The three most important sources of economic growth are
a. increases in employment, protection of resources, and changes in technology b. decreases in employment, decreases in the money supply, and improvements in technology c. increases in employment, increases in the capital stock, and reductions in environmental pollution d. increases in employment, increases in the capital stock, and improvements in technology e. increases in employment, decreases in the money supply, and increases in capital stock
In order to move the federal funds rate to the level it desires, the Fed must
A) first change the discount rate to the desired federal funds rate. B) specify the interest rate on previously issued government bonds. C) adjust the money supply to achieve the target federal funds rate. D) limit the amount of bank lending activity.
The average annual growth rate of gross domestic product in the world as a whole during the quarter century following World War II was very close to
What will be an ideal response?
When people make a decision to not participate in a program unless they actively enroll for it, program participation is:
A. likely to be lower than if people were automatically enrolled and had to actively opt-out of participating. B. exclusive, which always makes it more attractive to people. C. likely to be the same as if people were automatically enrolled and had to actively opt-out of participating. D. likely to be higher than if people were automatically enrolled and had to actively opt-out of participating.