If the government undertakes expansionary fiscal policy, it might:
A. increase income taxes.
B. decrease income taxes.
C. decrease government spending.
D. increase corporate income taxes.
B. decrease income taxes.
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Which type of business organization is the most important part of U.S. history given its "super" economic powers?
(a) Sole proprietorship (b) Partnership (c) "Mom and pop" business, which is a mix of sole proprietorships and partnerships (d) Corporation
Tariffs and quotas create a loss in social welfare because
A) producer surplus declines. B) revenues from tariffs are misspent. C) consumer surplus declines. D) All of the above.
The marginal social benefit of pollution is the incremental benefit to society from producing one more unit of pollution.
Answer the following statement true (T) or false (F)
Risk in finance means that an asset
A. Does not pay dividends B. Does not pay capital gains C. Has a present value that is negative D. Has future payments that are uncertain