What kind of goods is excluded from use by others?
a. private goods
b. public goods
c. domestic goods
d. manufactured goods
a. private goods
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Analyze the role of "animal spirits" on financial bubbles
A) Banks produce bubbles by purchasing property at incredibly low rates and reselling that property to unsuspecting investors. B) Financial markets tend to produce "bubble" investments that let people ignore risk, leading to alternating manias and panics. C) The finance industry experiences massive eruptions of wealth that coincide with booms in other industries. D) Wall Street functions on an intuitive basis, as investors cannot predict the value of volatile stocks.
Economic growth is usually measured through change in
a. free trade alliances. b. general population. c. gross domestic product. d. tax revenues. e. voter registration.
What is an interest group? What three major types of interest groups exist, and what are their goals regarding U.S. foreign policy? Give an example of an issue on which each group might lobby
One current foreign policy issue is the production of nuclear weapons in Iran. How might each type of interest group try to influence foreign policy on that issue? What will be an ideal response?
Progressive state income taxes are usually defended on the principle of ________
A. pay now or later B. ability to pay C. fairest of the unfair D. least painful