An example of a non-discretionary fiscal policy is:
a. Legislation passed to improve U.S. roads and bridges.
b. Increased U.S. defense spending after the September 11, 2001 terrorist attacks.
c. Fixed income tax rates.
d. All of the above.
e. None of the above.
.C
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When new technologies make cleaner production possible,
A) emissions would fall under a system of fees, but would not fall under a system of transferable emissions permits unless the government bought back some of the permits. B) emissions would fall under a system of permits, but would not fall under a system of fees unless the government raised them. C) the price of transferable permits would rise. D) the quantity of transferable permits would rise. E) the quantity of transferable permits would fall.
Refer to Scenario 17.1. If the threshold educational level y* is set at 10,
A) only individuals in Group A will attain it. B) only individuals in Group B will attain it. C) individuals in both groups will attain it. D) no individuals will attain it. E) some fraction of individuals in each group will attain it.
Which of the following is not an antitrust enforcement option?
a. c and e b. nationalization c. laissez-faire d. break ups e. regulation
When the demand for a good increases and the supply of the good remains unchanged, consumer surplus
a. decreases. b. is unchanged. c. increases. d. may increase, decrease, or remain unchanged.