According to the traditional Keynesian approach, a tax cut raises aggregate demand because
A) a tax cut always results in a balanced budget.
B) taxes are part of the C + I + G + X line.
C) taxpayers anticipate a tax increase in the future.
D) disposable income available to consumers increases.
D
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One drawback of the patent system is that firms must disclose to the public information about the product or process
Indicate whether the statement is true or false
The unique feature of a progressive income tax is that the higher one's income (up to some point), the __________ one pays
A) more taxes B) higher the tax rate C) less taxes D) lower the tax rate E) none of the above
Explain and give examples of invention. What does government do to protect it?
What will be an ideal response?
"Beaten paths" from one country to another:
A. discourage migration to that country because of a perception that all of the good jobs have already been taken. B. discourage migration by increasing the cost of moving. C. encourage migration by providing employment contacts and job information. D. are more prevalent the greater the distance between the two countries.