All of the following are automatic stabilizers EXCEPT
A) the federal income tax system.
B) welfare payments.
C) discretionary tax cuts.
D) unemployment compensation.
C
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When a tax is placed on sellers, the actual incidence:
A. falls solely on the seller. B. falls solely on the buyer. C. may be shared between the seller and buyer. D. is higher because it is being placed on the seller.
In which market structures do firms engage in nonprice competition?
A. perfect competition and monopolistic competition B. monopolistic competition and oligopoly C. oligopoly and monopoly D. perfect competition and monopoly
Opportunity cost is the best alternative sacrificed for a chosen alternative
a. True b. False Indicate whether the statement is true or false
If the U.S. government increases spending, the U.S. Treasury
a. has the legal right to issue currency to pay for the spending. b. does not have the legal right to issue currency to pay for the spending. c. usually pays for the spending by selling bonds directly to the Fed. d. seldom pays for the spending by selling bonds to the public.