Supply-side tax cuts are more likely to have the intended beneficial effect on
A. budget deficits.
B. consumer spending.
C. investment spending.
D. net exports.
Answer: C
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Two companies, Dirty Inc. and Filthy Inc., each of which has access to 5 different production processes, each of which has a different cost and produces a different amount of pollution. The daily costs of the processes and the number of tons of smoke emitted are shown in the table below. Process(smoke/day) A(4 tons/day) B(3 tons/day) C(2 tons/day) D(1 ton/day) E(0 tons/day) Cost to Dirty Inc. ($/day) $110$200$380$740$1,460 Cost to Filthy Inc. ($/day) $400$430$490$580 $700If pollution is unregulated, then a total of ________ tons of smoke will be emitted each day.
A. 4 B. 2 C. 1 D. 8
Hedge funds often buy the same stocks and track each other's investment strategies. This is an example of ________
A) herding B) anchoring C) hedging D) sniping
The Federal Open Market Committee engages in contractionary monetary policy by
A) lowering interest rates. B) creating excess reserves. C) selling bonds. D) buying bonds.
To enhance social welfare, the government should encourage the production of
a. all goods b. no goods c. goods that provide positive externalities d. goods whose social cost exceeds their private cost e. goods that provide negative externalities