A complete accounting of the costs of the tax system would not include _____
a. compliance costs
b. legislative costs
c. administrative costs
d. political costs
b
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The Permanent Income and Life-Cycle Hypothesis imply that
A. the primary determinant of current consumption is permanent income. B. the primary determinant of permanent income is current consumption. C. consumers generally favor current consumption over future consumption. D. consumers are more likely to save if they are uncertain about the future.
The ______ believed that our economy was self-regulating and argued against government interference with its operations.
A. classical economists B. supply-side economists C. Keynesians D. economic behaviorists
In the circular flow model, households earn their incomes in the:
A. Resource markets B. Product markets C. Capitalist markets D. Money markets
Between 1990 and 2007,
A. U.S. imports from Mexico decreased precipitously. B. U.S. exports to Canada increased rather steadily. C. U.S. exports to Mexico decreased rather steadily. D. all of the above.