What is one specific economic situation that a balanced budget amendment would create?
A) It would prevent deficits during peacetime. B) It would curtail inflation.
C) It would forbid budget surpluses. D) It would prevent a recession.
A
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Refer to Sales Tax. The portion of the tax revenue ultimately paid by consumers is
a. area A + B + C + D. b. area C + D. c. area C + D + E. d. area A + B + C + D + E.
Which of the following is responsible for controlling the money supply?
A) the Congress B) the Supreme Court C) the Federal Reserve D) the president
The term compensating wage differential refers to:
a. the bargaining capacity of a monoposonist in the labor market. b. the wage differences that arise from differences in the risk involved in different jobs. c. the criteria on which a firm offers a 401K plan to all its employees or just some employees. d. the wage differences that arise from difference in productivity of the workers in a firm. e. the negotiating power of the trade union.
Companies that have integrated their supply chains internationally tend to lobby their home governments for increased protectionist measures.
a. true b. false