The United States is known worldwide as being a low tariff nation
a. True
b. False
Indicate whether the statement is true or false
True
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Medicare is an example of
A. A direct cash transfer payment. B. Free goods. C. In-kind income. D. Personal income.
An externality affecting demand can be measured graphically as the
A. Horizontal distance between the market demand curve and the social demand curve. B. Vertical distance between the market demand curve and the social demand curve. C. Height of the market demand curve at all points. D. Height of the social demand curve at all points.
A carbon tax on fossil fuels is likely to cause the price of goods produced by firms that use fossil fuels to:
A. decrease. B. not change. C. increase. D. change, but in a way that cannot be determined.
What would be a way for the Federal Reserve to stimulate a sluggish economy?
A) buy government bonds on the open market B) encourage the stock market C) print more money D) sell more government bonds