Non-renewable resources are those that
a. are not renewed by nature, but their supply can be easily expanded by humans.
b. are naturally renewed by nature; timber provides an example.
c. are not renewed by nature at a significant rate.
d. cannot be recycled, by their very nature.
C
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The Social Security tax is considered to be a
A) regressive tax. B) progressive tax. C) proportional tax. D) marginal tax.
The accepted philosophy on U.S. federal deficits prior to the Great Depression was that: a. the budget should be balanced cyclically
b. a budget deficit does not matter as long as the economy is at full employment. c. the budget should be annually balanced. d. deficits dampen aggregate demand in the short run and reduce the federal debt. e. spending decreases during expansions and increases during recessions.
If tax revenues from a tax on wine, beer, and hard liquor are used to pay for healthcare expenses related to liver damage, the alcohol tax could be justified using the __________
Fill in the blank(s) with correct word
The fall in the U.S. dollar has not affected Chinese trade as much as that for other countries because:
a. China has appreciated its currency. b. China has reduced its exports. c. China has depreciated its currency. d. China has pegged its currency to the dollar.