Goods that cannot be consumed without excluding other consumers are
A) public goods.
B) free.
C) are not scarce.
D) all of these choices.
A
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If the Fed's policies aim to increase aggregate demand, the Fed must fear
A) recession. B) a supply shock that increases aggregate supply. C) a supply shock that decreases potential GDP. D) stagflation. E) inflation.
What is one way to offset the economic stability loss due to fixed exchange rates?
What will be an ideal response?
If the value of your baseball card collection increases during a year, it would count as income under which of the following definitions of income?
a. The Fisher definition of income. b. The Haig-Simons definition of income. c. The Laffer definition of income. d. The imputed collectible return definition of income
Eight years ago you purchased an asset for $100,000 that has yielded a nominal capital gain of $30,000. If you sold the asset today, your inflation-adjusted capital gains would be zero due to inflation over the last eight years
The capital gains tax is 28 percent. If you sold the asset today your tax liability would be A) zero. B) $28,000. C) $8,400. D) cannot be determined without more information.