An example of a nominal variable is ________
A) income measured at current market prices
B) expenditures in terms of the quantities of actual goods
C) the chain weighted measure of GDP
D) all of the above
E) none of the above
A
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Explain the argument that consumption is the best tax base. Explain the argument that wealth is the best tax base. Explain the argument that income is the best tax base
In your opinion, which measure is the best tax base - consumption, income, or wealth? Why?
Under the National Banking Acts of 1863 and 1864, the U.S. monetary system
(a) experienced drastic changes. (b) played a role in helping the Union finance the Civil War. (c) permitted, for the first time, the federal government to charter banks. (d) protected the rights of states to be the only entities to charter banks.
Other things remaining the same, if a nation's expected return on assets and inventories rises, the demand to hold money:
a. Falls. b. Rises. c. Does not change.
If production occurs where marginal social benefit equals marginal social costs, no pollution would occur.
Indicate whether the statement is true or false