The statistical indicators of business cycle changes contain
a. leading indicators.
b. lagging indicators.
c. roughly coincident indicators.
d. All of these.
d. All of these.
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While regressive taxes are considered inequitable, cigarette taxation is popular because _____
a. it is a sumptuary tax b. it mainly hurts tobacco farmers in a few Southern states c. in a lifetime sense it is a progressive tax d. people are inconsistent
If the aggregate supply curve is the horizontal an increase in government spending will result in which of the following?
A) Increase/Increase B) Increase/No change C) Increase/Decrease D) No change/Increase E) No change/No change
A significant portion of actual world trade patterns results from
A. different sizes of the countries. B. different factor endowments between countries. C. the industrial policies of governments. D. the different tastes and preferences of people in different countries.
When two people trade,
A. they both expect to be made better off by the exchange. B. both of them expect to be made worse off by the exchange. C. they are trying to help out each other. D. they know one of them will get the better of the other.