Other things constant, when household "time preferences" ________, business investment tends to ________
A) fall; fall
B) fall; rise
C) rise; fall
D) rise; rise
B
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Which was a decade of high inflation and high unemployment?
A. the 1920s B. the 1950s C. the 1960s D. the 1970s
In periods of high inflation,
a. people who hold money gain b. the purchasing power of a dollar decreases c. the purchasing power of a dollar increases d. those who have loaned money to others gain e. people become reluctant to buy goods and services
"It would be an undue hardship to require people whose income is below $15,000 per year to pay income taxes." This statement reflects which of the following principles for a tax?
A. benefits-received B. inexpensive-to-collect C. ability-to-pay D. fairness of contribution
Describe the law of diminishing marginal utility. On what assumptions is this law based?
Please provide the best answer for the statement.