Technological __________ in American agriculture has __________ other types of employment
A) improvement; drawn labor away from
B) improvement; released labor to go to
C) stagnation; drawn labor away from
D) stagnation; released labor to go to
B
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How does a per-unit subsidy affect the simple monopoly equilibrium?
a. The subsidy does not affect marginal cost and thus does not affect the monopoly equilibrium. b. The subsidy lowers the price charged by the monopoly, but it also lowers social gain. c. The subsidy increases the monopoly's profit but does not improve social gain. d. The subsidy causes both monopoly output and social gain to increase.
If the money supply in an economy is increased, the interest rate will fall, and real GDP will decrease
a. True b. False Indicate whether the statement is true or false
The ability-to-pay principle is most closely tied to the concept of
A. horizontal equity in taxation. B. fiscal federalism. C. vertical equity in taxation. D. the benefits principle of tax equity.
Proponents of deregulation point to all of the following industries as examples of successful deregulation except for:
A. airlines. B. pharmaceuticals. C. railroads. D. interstate trucking.