Investment will decrease if business taxes ____, real interest rates ____, or if business confidence ____
a. increase, increase, increases
b. decrease, decrease, decreases
c. increase, increase, decreases
d. decrease, decrease, increases
c
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Any point on or outside the production possibilities frontier is attainable.
Answer the following statement true (T) or false (F)
Transfer payments resemble
A. negative taxes. B. positive taxes. C. exports. D. none of these.
If a resource is nonrenewable and we use 2 percent of its supply per year,
a. it will gradually be depleted b. its supply will be constant regardless of use because it has the nonrenewability property c. it will become renewable as its supply approaches zero d. it could never be depleted because 2 percent of a diminishing supply is an increasing amount e. it will decrease at a diminishing rate so that its supply will approach its initial quantity
Who owns the Fed?
a. the federal government b. the 50 state governments c. the District Federal Reserve Banks d. it has no ownership, which is why it is called independent e. member banks