Ronald Reagan believed that reducing income tax rates would
a. do little, if anything, to encourage hard work.
b. result in large increases in deadweight losses.
c. raise economic well-being and perhaps even tax revenue.
d. lower economic well-being, even though tax revenue could possibly increase.
c
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The Sierra Club's report (linked to in the Learning Area) highlights the positive effects of NAFTA on communities and the environment.
Answer the following statement(s) true (T) or false (F)
The t-test is used to test hypotheses concerning the individual regression coefficients
Indicate whether the statement is true or false
In a small country, there are 5,000 people in the labor force and 3,000 people are employed. The labor force participation rate equals
A) 40 percent. B) 60 percent. C) 62.5 percent. D) an undetermined amount given the lack of information.
Most spells of unemployment are short, and most unemployment observed at any given time is long term. How can this be?