Which of the following is correct?
a. No forms of capital income are taxed twice.
b. The tax code cannot be rewritten to provide greater incentive to save.
c. Means-tested benefits increase the incentive to save.
d. There is a correlation between national savings rates and measures of economic well-being.
d
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___________________________—a term referring to the rights of individuals to enter into agreements with others regarding the use of their property providing recourse through the legal system in the event of noncompliance.
a. Property rights b. Rule of law c. Contractual rights d. Compliance rights
An investment should be undertaken if the present value of an expected stream of earnings from the investment exceeds the cost of the investment necessary to undertake it.
Answer the following statement true (T) or false (F)
Real economic growth during the first two years of President George W. Bush's second term was
A. higher than real economic growth during the first two years of President Bill Clinton's second term. B. approximately 8.7% per year. C. negative because of the 2001 recession. D. approximately 3.2% per year.
The ________ lag of stabilization policy represents the time that is necessary to put the desired policy into effect once economists and policy makers recognize the need.
A. business cycle B. implementation C. response D. recognition