Excise taxes on products like gasoline and tobacco are regressive.
Answer the following statement true (T) or false (F)
True
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When we examine the U.S. money supply, the smallest component of M1 is
A) currency and coins. B) transaction deposits. C) certificates of deposit. D) traveler's checks.
Speculators in the financial market are:
A. debated by some as to whether they contribute to the financial system's success. B. seen by most as necessary for the health of the financial system. C. largely thought to be detrimental to the overall health of the financial system. D. illegal, and often work in the "grey" markets despite this.
A tax that reduces economic efficiency is always bad policy.
Answer the following statement true (T) or false (F)
If every country specializes in what it produces best and then trades, more will be produced than if each country tries to produce everything for its own needs.
Answer the following statement true (T) or false (F)