The federal government’s principal tool in altering consumer spending is changing
A. corporate income taxes.
B. federal sales taxes.
C. unemployment insurance benefits.
D. personal income tax rates.
Answer: D
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A credible promise is:
A. possible to keep. B. made by a honest person. C. in the promiser's interest to keep. D. legally enforceable.
Most developing countries rely on foreign financing because:
a. ?these countries do not generate enough savings to fund investments. b. ?foreign financing is more reliable than domestic investments. c. ?investors do not recognize their potential gains. d. ?foreign countries are more than willing to invest in developing countries. e. ?their governments are unstable and run on deficits.
In game in Scenario 13.8,
A) Y is a dominant strategy for IVY Corp. B) Z is a dominant strategy for IVY Corp. C) A is a dominant strategy for SAC Group. D) B is a dominant strategy for SAC Group. E) No firm has a dominant strategy.
Suppose an American worker can make 50 pairs of gloves or grow 300 radishes per day. On the other hand, a Bangladeshi worker can produce 100 pairs of gloves or grow 200 radishes per day. The opportunity cost of one pair of gloves is:
A. 6 radishes for the United States and 2 radishes for Bangladesh. B. 60 radishes for the United States and 20 radishes for Bangladesh. C. 1/6 radishes for the United States and ½ radishes for Bangladesh. D. 6,000 radishes for the United States and 2,000 radishes for Bangladesh.