Tariffs are higher in agriculture than any other sector in most countries
Indicate whether the statement is true or false
TRUE
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An airline wants to introduce a charge for snacks on flights. Why would it not be such a good idea?
a. Passengers would be less likely to buy snacks b. Passengers would be more likely to carry their own snacks onboard c. Passengers would feel nickel-and-dimed and would switch airlines d. All of the above
If all taxpayers pay the same percentage of income in taxes, the tax system is progressive
a. True b. False Indicate whether the statement is true or false
Given AD1 and AS1 in Figure 8.3, the classical approach to achieving full employment at an output of $300 billion would be to
A. Increase the growth of the money supply to shift AD1 to AD2. B. Do nothing and wait for "natural" market forces to achieve full employment. C. Increase taxes and increase government spending to shift AD1 to AD2. D. Use all available supply-side options.
The United States financed the additional government spending during World War II through
A) an increase in the deficit. B) an increase in taxes. C) an increase in imports. D) increases in both the deficit and taxes. E) increases in both the deficit and imports.