If a budget deficit is the result of expenditures for programs such as farm subsidies and Social Security, the burden on future generations is slight
a. True
b. False
Indicate whether the statement is true or false
False
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Supplier power tends to be low when
a. Suppliers are less concentrated b. Inputs provided by the supplier are not vital c. Inputs are homogenous d. All the above
Suppose everyone in a town prefers spending on improved public transportation systems instead of public parks, and prefers spending on public parks instead of building a public zoo. A voting system that would ensure that zoo funding would never beat spending on transportation would demonstrate which criteria for an ideal voting system?
A. Transitivity B. Unanimity C. No dictator D. Independence of irrelevant alternatives
The tax multiplier is the number that, when multiplied by the
A) budget deficit, gives us the change in total spending. B) budget deficit, gives us the change in the public debt. C) change in taxes, gives us the change in total spending. D) change in government spending, gives us the change in total spending.
Real planned investment spending is positively related to all of the following EXCEPT
A. producer expectations of future profit. B. the interest rate. C. wealth. D. real disposable income.