How did states respond to the decline in their economies after the Great Depression?
a. by getting consumers to buy domestically produced goods
b. by breaking treaties and discontinuing tariffs
c. by enacting last-resort measures
a. by getting consumers to buy domestically produced goods
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Which of the following is not advantage of a negative income tax?
a. A negative income tax is simple to administer. b. A negative income tax is equivalent to a cash transfer. c. A negative income tax retains the paternalistic nature of in-kind transfers. d. A negative income tax could replace many transfer programs.
Which of the following would suggest that monetary policy is restrictive?
a. falling commodity prices b. depreciation of the foreign exchange value of the dollar c. a rising M1 money supply d. an increase in the rate of inflation
Health care costs have tended to rise more rapidly in the United States than in Canada because:
A. state insurance regulators in the United States do not face the budget constraints that national regulators in Canada face. B. people in the United States want more health care than people in Canada. C. private insurance in the United States encourages overconsumption of health care; public insurance in Canada does not. D. Canada has better achieved economies of scale in the production of health care.
Income lost by the unemployed is an example of the ________ cost of unemployment, while the additional spending to control crime is an example of the ________ cost of unemployment.
A. psychological; economic B. economic; psychological C. economic; social D. social; psychological