If gasoline taxes were significantly increased in the United States, then
a. some of the government regulations that require automakers to produce more fuel-efficient cars would become unnecessary.
b. other taxes, such as income taxes, could be lowered.
c. it is likely that roads would become safer and the environment would become cleaner.
d. All of the above are correct.
d
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To understand how decisions about military expenditures are made, it is probably most important to understand _____
a. geography b. economic warfare c. the political process d. strategic alliances
News reports from the western United States occasionally report incidents of cattle ranchers slaughtering a large number of newborn calves and burying them in mass graves rather than transporting them to markets. Assuming that this is rational behavior by profit-maximizing "firms," explain what economic factors may influence such behavior
Is fiscal policy able to influence economic growth?
a. yes, in the short run b. no, because it affects only aggregate demand c. yes, in the long run d. no, because it affects only aggregate supply
Which of the following best characterizes the main difference between the Consumer Price Index (CPI) and the GDP deflator?
a. One is more accurate than the other. b. One is more useful than the other. c. One is more general than the other. d. One is more trend-focused than the other.