Which of the following will tend to retard the growth and prosperity of a country?

a. imposition of price controls and regulations that restrain domestic and international trade
b. an expansionary monetary policy that leads to high rates of inflation
c. high marginal tax rates
d. all of the above


D

Economics

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According to the Law of Demand, the demand curve for a good will

A) shift leftward when the price of the good increases. B) shift rightward when the price of the good increases. C) slope downward. D) slope upward.

Economics

According to the graph shown, if the economy is operating under free trade, who would be opposed to a tariff?

This graph demonstrates the domestic demand and supply for a good, as well as a tariff and the world price for that good.

A. Foreign producers
B. Domestic consumers
C. Domestic producers
D. Both A and B would be opposed to a tariff.

Economics

The type of unemployment that occurs because of a recession is called

a. frictional unemployment. b. seasonal unemployment. c. natural unemployment. d. cyclical unemployment.

Economics

Assume that the government proposes a negative income tax that calculates the taxes owed as follows: taxes owed equal 30% of income less 12,000 . A family that earns an income of $60,000 will

a. pay $6,000 in taxes. b. receive an income subsidy of $6,000. c. receive an income subsidy of $12,000. d. have an after-tax income of $48,000.

Economics