To achieve a high standard of living, a nation should:
a. increase welfare payments to the poor
b. use less capital and more labor in the production process.
c. promote economic growth.
d. increase the tax deduction for child dependents.
c
You might also like to view...
If a person is risk averse, then she has negative marginal utility of wealth
Indicate whether the statement is true or false
Fiscal policy can encourage Research & Development using either direct spending or tax policy to encourage _______ economic growth.
a. immediate b. historical c. long-term d. short-term
If a federal agency requested funds to build a dam on an Idaho river to irrigate nearby farmland used for growing potatoes, the most active support for the project probably would come from
a. potato farmers who own land that wouldn't be irrigated by the project. b. taxpayers who would pay for the project. c. consumers of potatoes who might benefit from an expansion in supply and slightly lower potato prices. d. potato farmers who own the land to be irrigated.
The equation of exchange determines the supply of money in the economy.
a. true b. false