By law, all states must have a state income tax
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following presidents attempted to expand employment during the Great Depression through increased public spending?
A. Harry Truman B. Franklin Delano Roosevelt C. Calvin Coolidge D. Herbert Hoover
Which of the following ensures that you'll find the goods and services that you're looking for?
A. Government and the rule of law B. Markets and banks C. Government and incentives D. Markets and incentives
Recall the Application about Bitcoin and other cryptocurrencies to answer the following question(s). According to the Application, which of the following functions of money does Bitcoin perform?
A. medium of exchange only B. store of value only C. unit of account only D. Bitcoin performs all functions of money.
Suppose that in 2011, 3 million plasma TVs were purchased at $950 each, while in 2012, 4 million plasma TVs were purchased at $800 each. What might have caused this change?
A. The price of LCD TVs (a substitute for plasma TVs) fell. B. The price of LCD TVs (a substitute for plasma TVs) rose. C. There was an advance in plasma TV manufacturing technology. D. There were fewer workers in plasma TV manufacturing.