Some people attribute the rapid growth of the East Asian economies in the 1980s and 1990s to the:
A. success of their "industrial policies."
B. governments picking industries to support with investments and favorable tax and trade policies.
C. governments planning for growth by investing in certain industries.
D. All of these are true.
D. All of these are true.
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Refer to the scenario above. Which of the following is true if Sarah is optimizing in levels?
A) An optimizer will rent the hotel for three days if the total benefit of staying for three days exceeds the total benefits of staying for two days. B) An optimizer will rent the hotel room for three days if the cost of staying for two days exceeds the cost of staying for three days. C) An optimizer will rent the hotel room for three days if the net benefit of staying for three days exceeds the net benefit of staying for two days. D) An optimizer will rent the hotel room for three days if the net benefit of staying for the third day is negative.
Public choice theory indicates that representative government yields outcomes more consistent with economic efficiency when a close relationship exists between the benefits received and the costs borne by each voter. Which of the following methods of financing a government program will most likely result in a close relationship between voter benefits and costs?
a. progressive income tax b. retail sales tax c. property tax d. user charges
The approach to understanding the determination of real GDP and the price level that emphasizes incomplete adjustment in the prices of many goods is
A. the Keynesian model. B. the aggregate demand model. C. the classical model. D. Say's law.
A system that assesses proportionately higher taxes on the rich than it does on the poor is called a ________
Fill in the blank(s) with correct word