As a possible approach to eliminating the government budget deficit, increasing taxes on the rich only would
A) not lead to a significant increase in tax revenues.
B) lead to a significant increase in tax revenues.
C) lead to an increase in real GDP.
D) lead to a greater number of entitlements.
A
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M&M and Dove are both considering issuing themed holiday candy. The profits for each strategy, regular candy or holiday candy, are summarized in the payoff matrix above
The Nash Equilibrium in this game is that Dove produces ________ and M&M produces ________. A) holiday candy; regular candy B) regular candy; holiday candy C) regular candy; regular candy D) holiday candy; holiday candy
Economists now tend to believe that the most productive approach to ending poverty is to
a. make more and better education available b. make sure there is a job for everyone c. provide subsidies to people who earn less than a poverty-level wage d. provide subsidies to businesses to hire poor people e. none of the above
Which of the following is TRUE about unions?
A) Unions in some settings are associated with increased productivity. B) Unions in some settings have been effective in promoting general social legislation. C) Both A and B are correct. D) Neither A nor B is correct.
Which of the following is not believed to cause recent increases in wage inequality?
A) international trade B) contractionary monetary policy C) skill-biased technological progress D) all of the above E) none of the above