A recession normally causes ________ in government net tax revenues, ________ the budget deficit is an example of ________ automatic stabilization
A) an increase, increasing, the working of
B) an increase, decreasing, a failure of
C) a decrease, decreasing, the working of
D) a decrease, increasing, a failure of
E) a decrease, increasing, the working of
E
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An advantage of the corporate form of organization is that
A) owners have joint unlimited liability. B) owners have limited liability. C) owners have individual unlimited liability. D) creditors have unlimited liability.
Which of the following statements regarding the use of gold as money is false?
A) It is durable. B) It is acceptable to most people. C) It is valuable relative to its weight. D) It has standardized quality.
Reciprocity means:
A. responding to another's actions with a similar action. B. deriving utility from an action that will cause another's utility to increase. C. doing good things for people and asking nothing in return. D. deriving utility from the action of a stranger.
Indexing is the process of:
A. dividing a real quantity by a price index. B. increasing a real quantity by an amount equal to the percentage change in a price index. C. dividing a nominal quantity by a price index. D. increasing a nominal quantity by an amount equal to the percentage change in a price index.