If a country's national government wants to stimulate spending in the economy, it should:
A) decrease taxes and increase government spending.
B) increase taxes and decrease government spending.
C) increase taxes and government spending.
D) decrease taxes and government spending.
A
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Answer the following statement(s) true (T) or false (F)
1. Matters of equity are explicitly integrated into the decision rules that govern benefit-cost analysis. 2. The first U.S. president to explicitly include the efficiency criterion in the regulatory review process was President Clinton. 3. President Reagan was the only U.S. president to support the use of economic criteria in policy decision making. 4. According to the text application on the UK Climate Change Act, the Impact Assessment presented for this policy when proposed, gave benefit and cost estimates of the proposed regulation up to 2050.
The figure above shows that monopoly is ________ because it produces a level of output at which ________
A) inefficient; marginal benefit equals marginal cost B) efficient; marginal benefit equals marginal cost C) efficient; marginal benefit exceeds marginal cost D) inefficient; marginal benefit exceeds marginal cost E) efficient; producer surplus is maximized
Technological advancements that increase labor's productivity shift the labor supply curve to the right
Indicate whether the statement is true or false
Between 1965 and 1972, eight major pieces of consumer-protection legislation were enacted. This burst of legislative activity was largely related to:
a. increased public fears following the thalidomide tragedy. b. public outcry following a series of steamboat explosions. c. a general lack of faith in the market. d. widespread support for the "Reagan Revolution.".