The largest component of the M1 definition of the money supply is currency
Indicate whether the statement is true or false
F
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Legal attempts to arrange one's financial decisions so as to pay the least tax possible are known as
a. tax evasion b. logrolling c. tax avoidance d. rent seeking e. underreporting
Which of the following items would NOT be in U.S. GDP this quarter?
A. a dress produced and sold in Dallas, Texas this month B. a crane that was produced and sold as new two years ago C. a plane produced by Boeing this month that was sold in Europe to Air France D. a just-completed new home is sold to a household
Lower levels of education and training are often associated with low levels of
A. production. B. productivity. C. inflation. D. both a and b.
Which of the following statements concerning a pure public good is false?
A. It is impossible to exclude non-taxpayers from the enjoyment of the public good B. All benefits associated with the production and use of a public good are received by the government C. The availability of a public good to one person simultaneously makes it available to all members of society D. The private sector does not have an economic incentive to produce a socially optimal amount of a public good