Reducing transfer payments is an appropriate way to counteract a recessionary gap
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following statements is true of a barter system? a. In a barter system, it is difficult to keep track of the relative values of goods and services. b. In a barter system, an individual offers money to import goods and services
c. In a barter system, an individual offers currency notes to get coins. d. In a barter system, different kinds of money are exchanged for one another. e. In a barter system, individuals are self-sufficient.
Why is the current U.S. tax-treatment of health insurance purchased through one's employer discriminatory?
a. Health insurance should not be a tax-deductible expense for anyone. b. The system gives preferential tax treatment to self-employed individuals. c. The system imposes higher taxes on the direct purchase of health insurance because it is not tax deductible. d. The system gives preferential tax treatment to people who purchase health insurance directly from a provider.
The demand for shoes will likely be price ________ while the demand for Sketchers Go Walk walking shoes will likely be price ________.
A. elastic; elastic B. inelastic; inelastic C. inelastic; elastic D. elastic; inelastic
Firms gain control over price in monopolistic competition by
A. blocking entry of other firms into the industry. B. colluding with other firms to set prices. C. producing a product for which there are no close substitutes. D. differentiating their products.