Personal income tax rates being tied to the overall price level leads to fiscal drag.
Answer the following statement true (T) or false (F)
False
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An economist is conducting a survey to evaluate a program launched by the government
He ends up collecting data on those households that were adversely affected by the program, reaffirming his own belief that the program has been largely unsuccessful. This is an example of a(n) ________. A) confirmation bias B) attentional bias C) attenuation bias D) distinction bias
Which of the following is not a basic tenet of economic liberalism?
a. self-interest b. free trade c. competition d. government regulation
Why do some economists think a global savings glut contributed to the U.S. running a current account deficit in the 2000s?
What will be an ideal response?
Refer to Figure 9.9. Now suppose an import quota of 3000 trucks is imposed. An alternative to the quota that would have the same impact on the number of imports would be a tariff of
A) $2,500. B) $5,000. C) $15,000. D) $20,000. E) $13,125,000.