All of the following are examples of "external taxes" except:
a. the Stamp Act
b. the Sugar Act
c. the Townshend Acts
d. the Molasses Act
a. the Stamp Act
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The average U.S. tariff was highest in the
A) 1990s. B) 1980s. C) 1940s. D) 1930s. E) 1970s.
A lumberjack loses his job because timber cutting restrictions were imposed by the EPA to protect the spotted owl habitat. This lumberjack would be
A) cyclically unemployed. B) frictionally unemployed. C) structurally unemployed. D) seasonally unemployed.
The Federal Reserve does not target both the money supply and an interest rate because
A) it would be too confusing to Wall Street and would disrupt the financial markets. B) the Fed cannot achieve a target for both the money supply and an interest rate at the same time. C) it would be illegal according to the Federal Reserve Act. D) it would be too easy for Wall Street to determine what policy the Fed is following and this would destabilize the economy.
How does an increase in taxes affect the expenditure schedule?
a. It causes movement to the left along the schedule. b. It causes the schedule to shift upward. c. It causes movement to the right along the schedule. d. It causes the schedule to shift downward.