According to the text, if a policy is designed to move a production process toward efficiency when pollution exists, the best tax is a
A. proportional income tax.
B. progressive income tax.
C. sales tax.
D. lump sum tax on pollution.
Answer: D
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Why might economic policies aimed at stabilization actually increase the magnitudes of economic fluctuations?
What will be an ideal response?
When an economist talks of scarcity, the economist is referring to the
A) ability of society to employ all of its resources. B) ability of society to consume all that it produces. C) inability of society to satisfy all human wants because of limited resources. D) ability of society to continually make technological breakthroughs and increase production.
Suppose domestic automobiles were allocated in the United States the way public education is allocated. Describe how this system might work
The median Head Start teacher has been teaching
A. between 6 months and a year. B. 15 years with Head Start and 20 years total. C. 5 years with Head Start and 10 years total. D. less than 6 months.