Supply-side economists argue cuts in tax rates
A) always reduce tax revenues.
B) may increase tax revenues.
C) always increase budget deficits.
D) have no effect on tax revenues.
Pretty Sure B)
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Which firm is not dealing with adverse selection
a. a manufacturer requires a 90 day probationary period for new employees b. a temporary clerical agency hires without verifying typing skills c. a manufacturer requires suppliers to be ISO 900 . certified d. Smokers get the worse life insurance rates as non-smokers
The fact that a perfectly competitive firm's total revenue curve is an upward-sloping straight line implies that
A. The total profit curve is also an upward-sloping straight line. B. Product price increases at all output levels. C. Product price decreases as output increases, and demand is elastic. D. Product price is constant at all levels of output.
Monetary policy has one clear advantage over fiscal policy by virtue of its very short
A) data lag. B) data and recognition lags. C) legislative and transmissions lags. D) effectiveness lag.
A quality men's suit in the U.S. costs $400 . The same suit costs 300 British pounds in the U.K. The nominal exchange rate is .60 pounds per dollar. A. Find the real exchange rate. Show your work. B. In terms of dollars where is the suit cheaper?