Chronic trade deficits lead to a growing public debt
a. True
b. False
Indicate whether the statement is true or false
False
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Providing unemployment insurance is one way a government can
A) create public-works programs. B) break up monopolies. C) enforce rules of exchange. D) reduce economic uncertainty.
In the United States, the size of the underground economy is estimated to be as much as $2 trillion
Indicate whether the statement is true or false
Suppose the government of a town of 2,000 people implements a tax on each of its 2,000 citizens to raise $1,000 for a sculpture that will be placed in the common area of a 5-person neighborhood
Each of the 5 people in the small neighborhood will receive $120 in benefits from the sculpture. This tax is likely to A) generate a great deal of opposition from taxpayers. B) generate a great deal of opposition from the 5 people in the affected neighborhood. C) generate little opposition from a majority of its taxpayers. D) generate the desirable social outcome.
Your authors argue that, since the 1960s in the U.S
A) poverty has substantially decreased. B) inequality has substantially increased. C) poverty has substantially increased. D) inequality has substantially decreased.