Tax systems in developing countries tend to be efficient and reliable
Indicate whether the statement is true or false
FALSE
You might also like to view...
If the marginal propensity to save is equal to 0.5 in the simple Keynesian model, then a 10-unit increase in government spending will cause output to rise by
a. 5 units. b. 10 units. c. 20 units. d. 25 units. e. 40 units.
Suppose two goods (x and y) are being produced efficiently and that the production of x is always more labor intensive than the production of y. Production depends only on two factors (capital and labor); these may be smoothly substituted for each other. The total quantities of these inputs are fixed. An increase in the production of x and a decrease in the production of y will:
a. increase the capital-labor ratio in each firm. b. decrease the capital-labor ratio in each firm. c. leave the capital-labor ratio for each firm unchanged. d. increase the capital-labor ratio in y production and decrease the capital-labor ratio in x production.
Monetarists argue that the Treasury's conduct of fiscal policy is the most important factor affecting real GDP and interest rates
a. True b. False Indicate whether the statement is true or false
The modern monetarists believe that
A. V is very unstable. B. V never changes. C. Any changes in V are either very small or predictable. D. If M rises, V will fall by the same percentage.