Government spending can be financed by all of the following, except:
a. personal income taxes.
b. investment spending.
c. government borrowing.
d. money creation.
e. excise taxes.
b
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In the political marketplace, voters do all of the following EXCEPT
A) benefit from public goods and services. B) pay some taxes. C) vote. D) evaluate policy proposals of bureaucrats.
A financial asset is considered ________ if it can be sold in a secondary market
A) durable B) a security C) a liability D) a commodity
One difficulty in using voluntary transactions to internalize externalities is that
A) people are motivated by self-interest and are often unwilling to engage in a transaction that might make another person better off. B) the government usually will not enforce contracts of this type. C) transaction costs of coming to an agreement can be very large when numerous people are involved. D) people usually don't understand what the real opportunity costs are that they face.
Society definitely benefits by reducing the number of monopolistically competitive firms
a. True b. False Indicate whether the statement is true or false