One intention of deposit insurance is to reduce the danger of
A. excess lending.
B. excess profits.
C. risky lending.
D. bank runs.
E. All of these responses are correct.
Answer: D
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For central governments is most OECD countries,
a) business taxes are the largest source of government revenue b) Social Security contributions are smaller than taxes for other transfer programs c) taxes on property income are the major source of government revenue d) direct taxes on households raise more revenue than corporate taxes e) lotteries generate more revenue than taxes
Public choice economists point out that when the government enters into the market, the incentive is to achieve its goal in the least-cost manner.
Answer the following statement true (T) or false (F)
One of the strengths of a socialist economy, according to those who advocate such a system, is that government intervention will enable a more equitable distribution of income and therefore goods and services produced
a. True b. False Indicate whether the statement is true or false
Which of the following demonstrates marginal thinking? a. Deciding to never eat meat
b. Deciding to spend one more hour studying economics tonight because you think the improvement on your next text will be large enough to make it worthwhile to you. c. Deciding to go to a Sociology class that you usually skip because there is a guest lecturer you are really interested in hearing that day. d. Both b. and c. demonstrate marginal thinking.