The nation listed below whose economy currently comes closest to a free market is
a. North Korea.
b. Germany.
c. People's Republic of China.
d. Cuba.
b
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Answer the following statement(s) true (T) or false (F)
1. Matters of equity are explicitly integrated into the decision rules that govern benefit-cost analysis. 2. The first U.S. president to explicitly include the efficiency criterion in the regulatory review process was President Clinton. 3. President Reagan was the only U.S. president to support the use of economic criteria in policy decision making. 4. According to the text application on the UK Climate Change Act, the Impact Assessment presented for this policy when proposed, gave benefit and cost estimates of the proposed regulation up to 2050.
If product prices decrease more than nominal wages decrease, the real value of wages will increase
Indicate whether the statement is true or false
In the figure below, a firm that is using peak load pricing sets a price of ________ in the peak period and a price of ________ in the off-peak period.
A) $60; $30
B) $60; $20
C) $20; $10
D) $60; $10
Under a _____ structure, the marginal income tax rate rises and the average tax rate decreases as personal income falls
a. value added tax b. sin tax c. progressive tax d. regressive tax e. lumpsum tax