Which of the following adopted reforms that have substantially improved their economic freedom rating since 1980?
a. Ireland
b. China
c. New Zealand
d. All of the above.
D
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Which of the following taxes does NOT lead to a deadweight loss?
A) A proportional income tax B) A lump-sum tax C) A progressive income tax D) A proportional tax on property
How does adverse selection affect the participation of small- and medium-sized firms in the stock market?
What will be an ideal response?
If Doug is on budget constraint C in the graph shown, what would cause it to shift to budget constraint B?
This graph shows three different budget constraints: A, B, and C.
A. Doug loses his job.
B. Doug finds soda at a warehouse outlet for a lower price.
C. Doug's grocery store raises the price of milk by 10 percent.
D. Doug’s grocery store has lowered all prices by 33 percent.
In the 1990s, Fed Chairperson Alan Greenspan questioned whether the stock market
a. boom at that time reflected "irrational exuberance.". b. decline at that time reflected "irrational funk.". c. boom at that time reflected "rational exuberance.". d. decline at that time reflected "rational funk.".