A lump sum tax can never have horizontal equity
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following is a reason that the Fed does not traditionally attempt to limit asset price bubbles?
A. The Fed’s actions could do more harm than good. B. It is nearly impossible to determine if a bubble exists before it bursts. C. The Fed’s policies cannot be targeted at only one sector of the economy. D. All of these responses are correct.
The United States currently is
A) a debtor nation and has been since the end of World War II in 1945. B) a creditor nation and has been since the end of World War II in 1945. C) a debtor nation and has been since 1989. D) a creditor nation and has been one since 1989. E) neither a debtor nation nor a creditor nation.
The graph shows the labor market for fast-food workers in Sioux City. If the government sets a minimum wage of $7 an hour, then the labor market is ________, and marginal benefit ________ marginal cost
A) inefficient; is less than B) inefficient; equals C) efficient; equals D) inefficient; is greater than E) inefficient; cannot be compared to
Which of the following statements is TRUE?
A) The 1957 Treaty of Rome founded the EU and created a custom union. B) The 1957 Treaty of Rome founded the EU. C) The 1957 Treaty of Rome founded the euro. D) The 1957 Treaty of Rome founded the European Central Bank. E) The 1957 Treaty of Rome founded the Stability and Growth Pact. known as SGP.