In colonial America, work
(a) was required, at least for the lower classes, even for whites not bound in servitude.
(b) was required of all classes, wealthy or poor, slaves or free.
(c) was the decision of the individual, like it is today, except for slaves and indentured servants.
(d) was thought to be for the "colored" races, with white folks exploiting their labor.
(a)
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Ricardian equivalence argues that when the government cuts taxes and raises its deficit,
A) consumers anticipate that they will face lower taxes later to pay for the resulting government debt. B) consumers anticipate that they will higher services from the government. C) consumers anticipate that they will face higher taxes later to pay for the resulting government debt. D) consumers anticipate it will affect their future taxes, in general in the direction of lowering future taxes. E) consumers anticipate that the low tax rates will continue.
Competing broadcasting networks are motivated to choose socially program timing
Indicate whether the statement is true or false
Product reviews help to alleviate problems associated with:
A. asymmetric information. B. moral hazard. C. positive externalities. D. negative externalities.
All of the following represent government spending as a part of aggregate demand except for:
A. Flood control. B. National parks. C. Police and fire protection. D. Social Security checks