Jose and Julia were discussing the necessary components to achieve economic growth. Jose stated that the economy must include free markets, specialization and trade, and an ethical judicial system. Julia reminded Jose that another key component is
A) property rights.
B) freedom of speech.
C) a guaranteed high rate of return on savings.
D) freedom of religion.
E) democracy.
A
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One of the potential downsides of expansionary fiscal policy is that it often increases
A. national debt. B. taxes. C. budget surpluses. D. unemployment.
The large number of bank failures in the 1980s compared to the number of failures in earlier decades appears to be evidence __________ the existence of __________ problem in deposit insurance
A) supporting; a moral hazard B) supporting; an adverse selection C) against; a moral hazard D) against; an adverse selection
Fortunade Corporation stock has a price of $100 per share, a dividend of $1.60 per share, and retained earnings of $2.00 per share. The dividend yield on this stock is
a. 2.8 percent. b. 2.0 percent. c. 1.6 percent. d. 0.4 percent.
Elaine's taxable income increases by $1 and her tax payment increases by $0.28. Her marginal tax rate is
A) 72 percent. B) 28 percent. C) 56 percent. D) There is not enough information to answer the question.