A decrease in business taxes will usually lead to ______ investment spending and a shifting of the aggregate demand curve to the ______.
a. less; left
b. less; right
c. more; left
d. more; right
d. more; right
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According to the economic theory of government, policies in a democracy will favor
A) the interests of many small minorities. B) the public interest. C) the real interests of the majority. D) whatever the majority thinks it wants even when this is not in the majority's real long run interest.
Keely says that he's glad that his morning coffee is sold in a monopolistically competitive market rather than a purely competitive market. If this is true for most things Keely buys, it suggests that he
A) cares most about allocative efficiency. B) is willing to pay extra for product variety. C) is most concerned about paying the lowest price possible. D) is a creature of habit who always buys the same type of a particular good.
The three possible sources of government funding include
A. international income, personal income taxes, and export taxes. B. foreign aid, revenues, and implicit fees. C. explicit fees, taxes, and borrowing. D. None of these are correct.
The United States is one of the least marketized economies in the world
a. True b. False Indicate whether the statement is true or false