Which one of the following reduces inequities resulting from the public debt?
a. regressive tax system
b. bond purchases by the Federal Reserve
c. 30-year Treasury securities
d. progressive income tax system
e. private savings
D
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Opportunistic behavior by oligopolies means
A) that firms cooperate in both the long run and in the short run to prevent others from entering the industry. B) that firms cooperate in the short run for current gains. C) that firms refuse to cooperate in the short run. D) that firms refuse to honor their product guarantees.
The federal personal income tax was designed to be a:
a. progressive tax. b. regressive tax. c. proportional tax. d. poll tax. e. payroll tax.
Loans given to the borrowers are considered liabilities for a commercial bank
a. True b. False Indicate whether the statement is true or false
Household income is ________ related to consumption and ________ related to household saving.
A. negatively; negatively B. positively; positively C. negatively; positively D. positively; negatively