Market-oriented solutions to externalities rarely work.
A. True
B. False
C. Uncertain
B. False
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In the figure above, if income were distributed equally across all households, the poorest 10 percent of households would receive ________ of total income
A) 5 percent B) 10 percent C) 15 percent D) 20 percent
Economist John Maynard Keynes is famous for saying, "In the long run, we are all dead." He is referring to the:
A. length of time it can take the economy to recover to potential GDP without policy intervention. B. permanent inflation that results in long-run adjustments. C. fact that no policy can affect the long-run equilibrium. D. notion the economy is sure to collapse in the long run.
Positive incentives do not: a. increase benefits
b. result in an increased level of the related activity. c. reduce costs. d. discourage consumption.
For about the last 45 years, federal taxes have remained relatively constant as a percentage of GDP
a. True b. False Indicate whether the statement is true or false