The Constitution created an environment conducive to economic growth and development because the federal government could constitutionally do all of the following except
(a) Levy uniform taxes
(b) Coin money and regulate its value
(c) Regulate commerce, thus prohibiting states from erecting barriers to the interstate movement of goods
(d) Set "fair" prices on the private sale of goods in the marketplace
(d)
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The interest-rate-based transmission mechanism assumes that the Fed can stimulate investment by
A) selling bonds. B) buying bonds. C) raising the discount rate relative to the federal funds rate. D) raising the required reserve ratio.
If the U.S. trade deficit was reduced in a rush, what would be a possible result?
a. decreasing inflation and increasing unemployment b. increasing inflation and decreasing unemployment c. increasing inflation and increasing unemployment d. decreasing inflation and decreasing unemployment
Sonja paid $15,000 in taxes after having earned $100,000 . Amanda paid $22,000 in taxes after having earned an income of $146,667.This is an example of a proportional tax
a. True b. False Indicate whether the statement is true or false
The term tax incidence refers to
a. whether buyers or sellers of a good are required to send tax payments to the government. b. whether the demand curve or the supply curve shifts when the tax is imposed. c. the distribution of the tax burden between buyers and sellers. d. widespread view that taxes (and death) are the only certainties in life.