The tax on cigarettes is
A. regressive and indirect.
B. regressive and direct.
C. progressive and indirect.
D. progressive and direct.
A. regressive and indirect.
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The Fed conducts an open market operation and increases a bank's excess reserves by $2,000
Explain the first five rounds of the money creation process if the desired reserve ratio is 25 percent and if people keep no currency outside of the banking system.
About what percentage of bank assets is made up of cash items in 2012?
A) 8% B) 20% C) 37% D) 50%
The likelihood of collusion between fims is less when markets are highly concentrated
a. True b. False
A study by Kathryn Edin and Laura Lein found that
A. virtually all single mothers—whether working or receiving public assistance—had to supplement their income with money from relatives, boyfriends, or the absent father of their children. B. most welfare families lived very comfortably on their public assistance checks, supplemented by Medicaid, public housing, and food stamps. C. only half the number of Americans officially below the poverty line were actually poor. D. government assistance hurt the poor much more than it helped the poor.