Tax loopholes are equally available to all taxpayers.
Answer the following statement true (T) or false (F)
False
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What is the relationship between wants, resources, scarcity, and choices? Discuss the relationship for an individual and for a society
What will be an ideal response?
The Lucas critique indicates that
A) advocates of discretionary policies' criticisms of rational expectations models are well-founded. B) advocates of discretionary policies' criticisms of rational expectations models are not well-founded. C) expectations are important in determining the outcome of a discretionary policy. D) expectations are not important in determining the outcome of a discretionary policy.
If the MPC = 1, the spending multiplier is:
a. infinite. b. zero. c. 10. d. 100. e. 1.
If marginal product is zero, we know that
A) total product is also zero. B) average product is also zero. C) total output is maximized. D) average product is constant.