The single-tax movement, headed by Henry George, refers to the idea that
A. taxes on rent are less costly to administer than other taxes.
B. rent is a surplus that can be taxed without distorting resource allocation.
C. rent should not be taxed because it is a free gift of nature.
D. rent is based on a derived demand and should not be taxed.
B. rent is a surplus that can be taxed without distorting resource allocation.
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The Board of Governors of the Federal Reserve System does NOT
A) consist of seven members with fourteen-year terms. B) include the presidents of the twelve Federal Reserve Banks. C) utilize a system of rotations so that a position comes open every two years. D) consist of members whose appointments have been approved by the Senate.
In the short run, a decrease in the price level: a. decreases output prices relative to input prices. b. increases the profit margins of many producers. c. decreases RGDP supplied
d. both (a) and (c)
One country will have a comparative advantage over another if its production possibilities a. frontier is higher
b. curve has a different slope. c. curve lies closer to the origin. d. curve lies farther from the origin.
Our persistent war on poverty has successfully destroyed the poverty trap
Indicate whether the statement is true or false