Economic policies often have effects that their architects did not intend or anticipate
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following policies would reduce the user cost of capital?
A) a reduction in the money supply B) a reduction in the personal income tax rate C) an increase in the corporate profit tax rate D) an increase in an investment tax credit
A firm's opportunity cost of using resources provided by the firm's owners is called
a. sunk costs b. fixed costs c. explicit costs d. implicit costs e. entrepreneurial costs
A 10% decrease in real income usually leads to ________ in money demand
A) an increase B) no change C) a decrease of less than 10% D) a decrease of 10%
Which government agency regulates futures markets?
A) SEC B) Commodity Futures Trading Commission C) Board of Trade D) the Federal Futures Agency