Who said this? ". . . the sovereign has only three duties to attend to. . . . first, the duty of protecting the society from violence and invasion . . .; secondly, the duty of protecting . . . every member of the society from the injustice or oppression of every other member of it all; and thirdly, the duty of erecting and maintaining certain public works and public institutions, which it can never be for the interest of any individual . . . to erect and maintain. . . "
A. Adam Smith
B. John Stuart Mill
C. Sir William Petty
D. Franklin Roosevelt
A. Adam Smith
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The inflation-reduction episode of the early 1980s was an example of an
A) expected inflation reduction fiscal policy by Congress. B) unexpected inflation reduction by the Fed. C) unexpected inflation reduction fiscal policy by Congress. D) unexpected inflation reduction by the Fed combined with an expected inflation reduction fiscal policy by Congress. E) expected inflation reduction by the Fed.
What is the United States government's formal definition of the poverty line?
A) It is a level of annual income equal to total income in society divided by the population, adjusted for a family of four. B) It is the annual income level below which a household is exempt from taxes. C) It is a level of annual income equal to the amount of money necessary to purchase the minimal quantity of food required for adequate nutrition. D) It is a level of annual income equal to three times the amount of money necessary to purchase the minimal quantity of food required for adequate nutrition.
Deflation in the United States would tend to make the exchange value of the dollar depreciate
a. True b. False Indicate whether the statement is true or false
A $1,000 face value bond purchased for $965.00, with an annual coupon of $60, and 20 years to maturity has a:
A. a yield to maturity and current yield equal to 6.00%. B. a current yield equal to 6.00%. C. a coupon rate equal to 6.22%. D. a current yield equal to 6.22%.