Compared to a cost plus incentive fee contract, the cost plus percentage fee contract has strong incentives to minimize costs
a. True b. False
b
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Which of the following government actions would be considered expansionary fiscal policy?
A. Balancing the federal budget B. Reducing tariffs on imports C. Passing a personal tax credit for the purchase of a new automobile D. Asking the Federal Reserve to reduce interest rates
If the Fed sells Treasury bills then
A. the price of Treasury bills will fall. B. the market rate of interest on Treasury bills will rise. C. both the price of Treasury bills will fall and the market rate of interest on Treasury bills will rise. D. neither the price nor the market rate of interest of Treasury bills will be affected.
The purpose of functional finance is to
A. decrease deficits through monetary policy. B. use fiscal policy to keep aggregate demand at the desired level, regardless of the impact on deficits. C. tax corporate income first at the corporate level, and then again when it is distributed to shareholders. D. use monetary policy to keep deficits stable over time.
The person most closely associated with a conservative theory of poverty is
A. Charles Murray. B. William Julius Wilson. C. Frances Fox Piven. D. Barbara Ehrenreich.