What is the primary reason that the highest quintile's share of the national income increased very rapidly over the last 20 years?
A. Poor people are lazy and do not want to work.
B. All of our jobs have been shipped overseas.
C. Tax cuts on the property owners and high income citizens.
D. High cost of health care.
C. Tax cuts on the property owners and high income citizens.
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Would Tom install the safety equipment?
a. Yes because it costs him less than it is worth b. Yes because it costs him more than it is worth c. No because it costs him more than it is worth d. No because it costs him less than it is worth
The opportunity cost of the debt is the change in the mix of output that occurs when public sector spending crowds out private sector spending.
Answer the following statement true (T) or false (F)
Consumer goods:
A.) Account for over two-thirds of total U.S. output. B.) Include nondurable goods but not durable goods. C.) Account for a smaller portion of GDP than government services. D.) Include durable and nondurable goods but not services.
Government purchases and income taxes have the same effect on the multiplier.
Answer the following statement true (T) or false (F)