In recent years defense expenditures has fallen as a share of federal government outlays
a. True
b. False
A
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If we compare the United States to France, the U.S. tax wedge is ________ the French tax wedge
A) smaller in the labor market and larger in the goods market than B) equal to C) not comparable to D) larger than E) smaller than
Capital deepening refers to
a. the rise in the ratio of capital to labor b. the rise in the ratio of capital to output c. infrastructure investment d. more unprofitable investment following upon unprofitable investment e. heavy industry construction
Tariffs can be thought of as indirect:
A. subsidies to domestic producers. B. subsidies to foreign producers. C. special taxes on domestic producers. D. subsidies to domestic consumers.
Which of the following provides the closest measure of the rate of change in the prices paid by households?
A. GDP deflator B. BLS deflator C. PPI D. PCE deflator