A government-sponsored good is often
A. advertised.
B. subsidized.
C. taxed.
D. inhibited by the government.
Answer: B
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Why is it important to consider the personal income tax when evaluating the corporate income tax? Give an example of how differential rates between the corporate and personal income tax rates can change taxpayer behavior
What will be an ideal response?
Private property right enforceability means that you can use the reward from your effect to?
A. Sale B. Consumers C. Investment D. Help the pue E. All
Based on the figure below. Starting from long-run equilibrium at point C, a decrease in government spending that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at__ creating _____gap.
A. B; no output B. D; an expansionary C. B; recessionary D. D; a recessionary
The production of durable goods varies more than the production of nondurable goods because:
A. durables purchases are nonpostponable. B. durables purchases are postponable. C. the producers of nondurables have monopoly power. D. producers of durables are highly competitive.