In deciding which programs the government should fund with tax revenues there is:
A. perfect consensus before a program is funded.
B. often widespread disagreement.
C. always a popular vote for new programs.
D. the ability of each individual to decide where his tax dollars are spent.
B. often widespread disagreement.
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The table above shows the short-run product schedule for Virginia's Tee-Shirts. The worker for whom the law of diminishing returns initially occurs is the ________ worker
A) 5th B) 4th C) 3rd D) 2nd
Investment spending is a leakage from the circular flow model
a. True b. False Indicate whether the statement is true or false
If the labor force participation rate is rising and the working -age population is not changing, then the
A) size of the labor force is falling. B) size of the labor force is rising. C) number of employed people must be increasing. D) number of unemployed people is rising and the size of the labor force is falling. E) number of unemployed people is falling and the size of the labor force is rising.
To promote increased use of port facilities in a major coastal? city, a state government has decided to construct a? state-of-the-art lighthouse at a projected cost of? $10 million. The state proposes to pay half this cost and asks the city to raise the additional funds. Rather than raise its? $5 million in funds via an increase in city taxes and? fees, however, the? city's government asks major businesses in and near the port area to contribute voluntarily to the project. The city is likely to face problems in raising the funds because
A.the combination of public and private monies will create doubt as to the? lighthouse's legal owner.
B.individual businesses may presume that others will pay for the lighthouse so that they can escape paying for their portion without causing a reduction in the? structure's benefit..
C.major businesses in and near the port area are probably too numerous for the city to contact.
D.the businesses will demand tax breaks as compensation for their contributions.