No market economies exist without government involvement and government regulation.
Answer the following statement true (T) or false (F)
True
You might also like to view...
If the tax revenue of the federal government is less than its spending, then the federal government necessarily
a. runs a budget deficit. b. runs a budget surplus. c. runs a national debt. d. will increase taxes.
Which of the following government policies is least likely to increase the standard of living in the United States?
a. Investment in education and skills training for workers b. Raising the minimum wage paid to workers c. Investment in technology d. Investment in tools and capital for workers
Compared to a sampling of other developed nations, the U.S. income distribution is more unequal than many others. What accounts for this?
A) The lowest-income families in the United States earn much less than the lowest-income households in other nations. B) Marginal income tax rates are much higher in the United States than in any other nation. C) The highest-income families in the United States earn much more than the highest-income households in other nations. D) Other nations manipulate their data to look better.
The table above describes the market for paper. The production of paper produces pollution. There are no external benefits. What is the efficient amount of paper?
A) 10 tons per week B) 60 tons per week C) 40 tons per week D) 30 tons per week