The double taxation of saving creates a bias towards _____
a. investment
b. consumption
c. luxury spending
d. the future
b
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As a candidate for president of the United States, Barak Obama was an ardent supporter of outsourcing
Indicate whether the statement is true or false
During the period of industrialization in the U.S., real income in the agricultural sector fell
Indicate whether the statement is true or false
To economists, games are:
A. situations in which individuals act against their own interest for fun. B. any situation in which players pursue strategies designed to achieve their goals. C. just recreational pursuits like chess, Monopoly, or poker. D. None of these statements are true.
What is the opportunity cost of allocating more and more resources to the production of capital goods?
A. a decrease in real income B. the amount of consumption goods that could have been produced C. the increase in pollution D. the environmental goods foregone