The optimal sharing group for national defense is the size of a nation
a. True b. False
b
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Starting from long-run equilibrium, a large tax cut will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; higher B. expansionary; higher; potential C. recessionary; higher; potential D. recessionary; lower; lower
Tariff accounts for 32% of the total government revenue in the U.K. and only 1.2% in India
a. True b. False Indicate whether the statement is true or false
Capital is paid according to the value of its marginal product
a. only if earnings from capital are paid to households in the form of dividends. b. only if earnings from capital are kept within firms as retained earnings. c. regardless of whether earnings from capital are paid to households in the form of dividends or whether those earnings are kept within firms as retained earnings. d. None of the above is correct; unlike labor, capital is a factor of production for which earnings are unrelated to the value of marginal product.
Which of the following is not an example of microfinance?
A. A loan to a bakery for a machine to mix dough. B. A loan to an executive for a retirement home. C. A loan to a small farmer for fertilizer. D. A loan to a restaurant owner for an indoor grill.