Tax evasion differs from tax avoidance in the sense that evasion
a. is easier
b. can only be done through an accountant
c. is legal
d. is illegal
e. is encouraged by the Internal Revenue Service
D
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In the United States, which of the following is an example of a government-inhibited good?
A) museums B) concerts C) cigarettes D) sports stadiums
The game in the figure shown is a version of:
A. a sequential game. B. an ultimatum. C. a simultaneous game. D. a cooperative game.
If proceeds from loans are NOT deposited back in the banking system, then
A. the Fed intervenes by selling more Federal government bonds. B. the magnitude of the multiplier process is reduced. C. the magnitude of the multiplier process is increased. D. there is no effect on the magnitude of the multiplier process.
With flexible exchange rates, an increase in U.S. interest rates can be expected to:
A. Adversely affect U.S. exporters B. Encourage investment spending by U.S. firms C. Lower the foreign exchange value of the dollar D. Cause a net outflow of foreign capital from the United States