The WTO explicitly stated that in making its sea turtle decision, it was NOT saying that sovereign nations could not adopt effective measures to protect endangered species
Clearly, it said, sovereign nations can and should develop effective measures, including trade measures, to protect endangered species. Indicate whether the statement is true or false
TRUE
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Which of the following represents the basic principle of public choice theory?
a. Politicians act consistently in the public's interest. b. Politicians follow their own self-interest and seek to maximize their reelection chances, rather than promote the best interests of society. c. Politicians act in the public interest once they are elected, but follow their own self-interest and seek to maximize their reelection chances during a political campaign. d. None of the above answers are correct.
If the MPC of an economy is .90 and the economy has a horizontal aggregate supply curve, then an increase in investment spending of $50 million will increase total income by
a. $50 million. b. more than $50 million but less than $500 million. c. $500 million. d. more than $500 million.
Walmart's "pull-factor" can be beneficial to a community by encouraging
A. suppliers to offer their employees higher wages and more attractive fringe benefits. B. dissatisfied employees to apply for work at other local "Mom and Pop" retailers. C. labor union activists to move permanently into the area. D. other "big box" retailers to locate nearby.
If a tax is progressive, then
A. the average tax rate decreases as taxable income increases. B. the average tax rate increases as taxable income decreases. C. the average tax rate remains constant as taxable income decreases. D. the average tax rate decreases as taxable income decreases.