To prove an offence under the rule of reason, the government need only show that an offending practice took place
Indicate whether the statement is true or false
false
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A(n) _____ is a budget philosophy that was followed prior to the Great Depression that aimed at matching annual revenues with outlays, except during war time
a. annually balanced budget b. annual surplus budget c. biennial deficit budget d. biennially balanced budget e. cyclically balanced budget
Congress passes a tax cut because economists predict a coming recession. This is an example of what?
a. Automatic stabilization. b. Active fiscal policy. c. Discretionary monetary policy. d. Non-discretionary monetary policy. e. none of the above.
The amount of revenue the government collects after imposing the tariff is ________.
A. $40,000 B. $10,000 C. $1,000 D. $4,000
Which of the following contains the two sectors whose percentage contribution to the real GDP has declined since 1900?
A. Manufacturing and exports. B. Services and exports. C. Farming and manufacturing. D. Farming and services.