Fiscal policy under the Reagan administration was intended to:
a. stimulate the economy by decreasing taxes in order to increase consumption
b. increase tax revenues by increasing the tax rate.
c. balance the budget by increasing defense spending and increasing taxes.
d. stimulate the economy by decreasing taxes in order to increase aggregate supply.
e. stimulate the economy by increasing government spending in order to increase aggregate supply.
d
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The relationship between the number of hours a student studies for an exam and the exam grade is most likely graphed as
A) a line sloping down from upper right to lower left. B) a line sloping down from upper left to lower right. C) a line sloping up from lower left to upper right. D) a line sloping up from lower right to upper left.
The worst financial crisis in history was the:
A. Great Recession. B. South Seas bubble. C. housing bubble of 2007. D. Great Crash of 1929.
?Hair Pins /hourBandanas /hourNigel410Mia93
Consider two individuals, Nigel and Mia, who produce hair pins and bandanas. Nigel's and Mia's hourly productivity are shown in Table 18.3. Nigel's opportunity cost of producing one hair pin is:
A. 1/3 of a bandana. B. 2.5 bandanas. C. 3 bandanas. D. 10 bandanas.
Proprietorships are
A. easy to form but difficult to dissolve. B. responsible for most of the profits in the country. C. generally large relative to other business organizations. D. the most common form of business organization in the country.