The New Deal policies both relieved distress and reformed the system to prevent future depressions. An example of the former is the ___ while the ___ is an example of the latter
a. Civilian Conservation Corps; Works Projects Administration.
b. Works Projects Administration; Industrial Organization Review Board.
c. Civilian Conservation Corps; Securities and Exchange Commission.
d. Federal Deposit Insurance Corporation; Industrial Organization Review Board.
c. Civilian Conservation Corps; Securities and Exchange Commission.
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Of the following, the largest component of GDP is
A) personal consumption expenditure. B) gross private domestic investment. C) government expenditure on goods and services. D) net exports of goods and services.
The Wilshire 5000 stock index is made up of the stocks of 5,000 of the largest U.S. companies.
Answer the following statement true (T) or false (F)
It has been suggested that in order to protect U.S. jobs we need to restrict foreign competition by restricting imports
A) This is a sound economic statement since the U.S. will still export protecting U.S. jobs. B) This is a sound economic statement since U.S. firms will have to increase output to make up for the lack of imports leading to increase employment in the U.S. C) This is not a sound economic statement since employment in the U.S. does not depend on imports and exports. D) This is not a sound economic statement since import restrictions lead to a reduction in employment in the export industries of the U.S.
An income tax in which the average tax rate is the same for all taxpayers would be considered a
a. progressive tax. b. regressive tax. c. distortion-free tax. d. proportional tax.