In nations where conventional taxes are difficult to collect, the inflation tax is ________, which tends to ________ the inflation rates of those nations
A) also difficult to collect, aggravate
B) also difficult to collect, hold down
C) a realistic alternative, aggravate
D) a realistic alternative, hold down
C
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Suppose a plaintiff hires a lawyer to represent her in a court case. The lawyer will receive a share of the settlement if the plaintiff wins. Under this contract
A) efficiency cannot be achieved. B) the client bears all of the risk. C) the lawyer bears all of the risk. D) the risk is shared.
A demand curve to remain unit elastic along its entire length should
a. cross the X axis. b. touch the X axis but not the Y axis. c. never touch either the X or the Y axis. d. touch the Y axis but not the X axis.
people know that the inflation rate will increase from 3 percent to 5 percent. As a result
What will be an ideal response?
The federal government spends
A. slightly more on defense than on Social Security. B. slightly more on Social Security than on defense. C. about the same on Social Security as on defense.