Relying on majority rule of voting will yield a social optimum of all products
Indicate whether the statement is true or false
F
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Which of the following would shift the saving schedule upward?
A. Consumer expectations of rising prices of products. B. Increased optimism about future incomes. C. A decrease in real interest rates. D. A decrease in wealth.
How much does it cost to tax a dollar of revenue away from the private sector and transfer it to the government in order to bail out a specific industry?
(a) One dollar (b) Less than one dollar because the administration of and compliance with the tax laws creates jobs for people (c) Less than a dollar because of the excess burden resulting from the elimination of productive exchanges by the taxes (d) More than a dollar because collection of the taxes requires resources that would otherwise be available for private sector production
Which statement is false?
A. Had the stock market not crashed and the rest of the world not gone into a depression, the U.S. depression might have been avoided. B. By the end of 1930 thousands of banks had failed. C. By the first week in March 1933 every single bank in the United States had shut its doors. D. None of the statements are false.
In a binding situation
A. the interest rate is always zero. B. only changes in the Z factors change the interest rate. C. only changes in the price level change the interest rate. D. changes in both the price level and in the Z factors change the interest rate.