Some property tax limitations, such as California's Proposition 13, only do significant reassessment of property taxes when houses are sold. This creates _____
a. an incentive to rent
b. inequity between homeowners of comparable houses
c. a disincentive to move
d. b and c
e. all of the above
d
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Can the Fed control both the interest rate and the size of the money supply? Explain
Detailed studies indicate that, on balance, the Social Security retirement system
a. redistributes a substantial amount of income from the rich to the poor. b. redistributes a substantial amount of income from whites to blacks. c. is particularly advantageous to those with a shorter life expectancy. d. is not particularly advantageous to the poor due to their shorter life expectancy.
Over the last ten years productivity grew more slowly in Iberia than in Aire while the population and total hours worked remained the same in both countries. It follows that
a. real GDP per person must be lower in Iberia than in Aire. b. real GDP per person grew more slowly in Iberia than in Aire. c. the standard of living must be higher in Iberia than in Aire. d. All of the above are correct.
Alissa is studying for her principles of economics exam. She tells her study partner that "Only a very small number of people ever get to become astronauts and go into space. Therefore space exploration is not a public good." Do you agree? Explain.
What will be an ideal response?