When evaluating the taxation of dividends in isolation, it is easy to overlook the double taxation of saving
a. True b. False
a
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A scatter diagram plots the value of one economic variable against time
Indicate whether the statement is true or false
When there is an externality in a market
A) government intervention may increase economic efficiency. B) the government should use price controls to enable the market to reach equilibrium. C) the externality will move the market to an economically efficient equilibrium. D) the externality will cause the market price to be less than or greater than the equilibrium price.
According to the text, government licensing frequently enables monopoly in
A) agriculture. B) electricity production. C) mining. D) retail sales.
If a government runs a cyclically balanced budget, its revenue will equal its expenditure: a. each year
b. at each phase of the business cycle. c. over the course of the business cycle. d. only during expansions. e. only during recessions.