Which of the following is NOT an issues in the reduction of trade protection in agriculture?
A) consumption subsidies.
B) tariffs and quotas.
C) export subsidies.
D) production subsidies.
A
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Taxes on specific goods such as cigarettes, gasoline, and alcoholic beverages are called
a. sales taxes. b. excise taxes. c. social insurance taxes. d. consumption taxes.
When the long-run aggregate supply curve shifts right, it represents:
A. an unemployment rate of zero. B. economic growth. C. pushing our economy beyond normal capacity. D. negative inflation.
When the Federal Reserve System was first established, its founders intended the Fed to
A. assist the Treasury in collecting taxes. B. be primarily responsible for government regulations. C. pursue an active monetary policy to stabilize the economy. D. provide protection against financial panics by acting as the lender of last resort.
A family of four with one wage earner who earns the minimum hourly wage would be
A. well below the poverty line. B. slightly below the poverty line. C. slightly above the poverty line. D. well above the poverty line.