The economist who advocated a single tax on land was:
A. Adam Smith.
B. John Maynard Keynes.
C. Henry George.
D. Milton Friedman.
Answer: C
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All of the following are considered natural resources EXCEPT
A) a redwood forest. B) labor. C) gold. D) a coral reef.
Henry Ford is most recognized for:
a. inventing new technology to further the steel production process. b. developing the first investment banks. c. implementing the first progressive, moving assembly-line system for large, complex final products. d. playing an integral role in developing the first American factory.
According to classical macroeconomic theory, changes in the money supply affect
a. variables measured in terms of money and variables measured in terms of quantities or relative prices b. variables measured in terms of money but not variables measured in terms of quantities or relative prices c. variables measured in terms of quantities or relative prices, but not variables measured in terms of money d. neither variables measured in terms of money nor variables measured in terms of quantities or relative prices
Deposit insurance guarantees that:
A. depositors will get their deposits back, unless the bank's assets are illiquid. B. depositors will not get their deposits back, unless the bank is solvent and liquid. C. depositors will get their deposits back, unless the bank becomes insolvent. D. depositors will get their deposits back, even if the bank is insolvent.