Where did Robert Mugabe get the money he needed for bribes and payoffs?
A. He raised income taxes.
B. He printed it.
C. He raised estate taxes.
D. He raised taxes on corporate profits.
Ans: B. He printed it.
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Which of the following examples would cause movement from q* to q2 in this graph?
a. Peak, Inc maintained a steady profit by increasing prices.
b. Peak, Inc reached the perfect maximization of profits.
c. Peak, Inc increased output so much that it began to lose profits.
d. Peak, Inc continued to gain profits as it increased outputs.
How do lags affect stabilization policy? Your answer should include three specific types of lags.
What will be an ideal response?
In a zero-sum game
A. one player's losses are exactly offset by another player's gains. B. both players are better off at the end of the game. C. both players are worse off at the end of the game. D. both players collude to make both of them better off.
A subsidy to buyers has been placed in the market in the graph shown. Why might the government enact such a policy?
A. As a way to encourage consumers to substitute away from the good B. As a way to discourage the production of the good C. As a way to encourage the consumption of the good D. As a way to discourage the consumption of the good