A tax ________ is more likely to cause a permanent increase in investment and worker productivity in an economy with a ________
A) increase; small government budget deficit
B) decrease; large government budget deficit
C) decrease; high inflation rate
D) increase; large government budget deficit
D
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_____ prefer an import tax to a quota
a. Taxpayers b. Domestic producers c. Foreign producers d. Consumers
A Lorenz curve that represents an unequal income distribution is
A) a straight line starting at the origin. B) a straight line starting at 100% C) a bowed curved. D) a line that has a kink in the middle of it.
Ch 1.The opportunity cost of an action is best defined as which of the following?
What will be an ideal response?
The market value of final goods and services produced within a country during a period of time is called:
A. government documented production. B. guaranteed direct prices. C. gross domestic product. D. general domestic productivity.