Generally, most economists feel that a sales tax is:
a. regressive.
b. proportional.
c. progressive.
d. fair.
a
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Which of the following is correct?
a. If developing countries limit career and educational opportunities for women, birth rates are likely to be lower. b. Growth rates in developed and developing countries are nearly the same. c. Historically, in periods where the rate of population growth was high, so was the rate of growth in world real GDP per person. d. None of the above is correct.
Suppose banks decide to hold more excess reserves relative to deposits. Other things the same, this action will cause the
a. money supply to fall. To reduce the impact of this the Fed could lower the discount rate. b. money supply to fall. To reduce the impact of this the Fed could raise the discount rate. c. money supply to rise. To reduce the impact of this the Fed could lower the discount rate. d. money supply to rise. To reduce the impact of this the Fed could raise the discount rate.
In taking a disagreement to court, the contending parties are asking the court to
What will be an ideal response?
In the short run, a firm that is incurring losses would always be better off if it keeps producing.
Answer the following statement true (T) or false (F)