"Public goods" are provided by the public sector as a matter of social choice, not economic necessity
Indicate whether the statement is true or false
F
Economics
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During a recession, the average duration of unemployment tends to
A) be unpredictable. B) be about the same as during an expansion. C) decrease. D) increase. E) remain constant.
Economics
If the consumption function is defined as C = 7,250 + 0.8Y, what is the value of the multiplier?
A) 0.2 B) 0.8 C) 1.25 D) 5
Economics
Which of the following is generally considered the most regressive type of tax?
a. gift tax b. federal income tax c. excise tax d. payroll tax
Economics
Applying economic principles to the analysis of political decision making is political economy.
A. True B. False C. Uncertain
Economics