In order for the government to collect taxes, the government must first establish a(n)
A) ad valorem taxation.
B) tax base.
C) philosophy of taxation.
D) justice system.
B
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To achieve long-run equilibrium in an economy with a recessionary gap, without the use of stabilization policy, the inflation rate must:
A. not change. B. increase. C. decrease. D. either increase or decrease depending on the relative shifts of AD and AS.
Savers who do not want to research the credit-worthiness of borrowers take advantage of ________ finance, where risk is ________
A) direct, spread B) direct, concentrated C) indirect, spread D) indirect, concentrated
Which of the following has made the greatest contribution to economic growth over time?
A. Research and development. B. Improved human capital. C. Improved management techniques. D. Higher ratios of capital to labor.
Explain how the Russian crisis of 1998 began. What precipitated the crisis?
What will be an ideal response?