Saving to meet long-term objectives-such as retirement, college attendance, or to purchase a home,-is called ________ saving.
A. public
B. precautionary
C. life-cycle
D. bequest
Answer: C
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Explain Thomas Hobbes' view that favors consumption as the best tax
What will be an ideal response?
The mayor of Nizambora wants to set up street lights in every locality. The cost of setting up street lights in each locality is $900 . The estimated population of each locality is 100 . Despite not paying for the streetlights, the citizens where asked how much they were willing to pay for them. This was found to be $10 per person. Should the government provide street lights to every locality?
During recessions, banks typically choose to hold more excess reserves relative to their deposits. This action
a. increases the money multiplier and increases the money supply. b. decreases the money multiplier and decreases the money supply. c. does not change the money multiplier, but increases the money supply. d. does not change the money multiplier, but decreases the money supply.
Governments are most likely to adopt trade restrictions because
a) of nationalistic motives and prejudice against other countries b) protectionist policies benefit society as a whole c) tariffs are the primary source of government revenue d) those whom trade hurts are more cohesive and vocal than those whom trade benefits e) trade weakens the government’s ability to conduct stabilization policy