Why might the consequences of imposing a tax on harmful fast foods not adhere to theory?
What will be an ideal response?
Preferences of people with different desires could be altered in unintended ways. All variables could not be controlled for.
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The key variable in determining changes in a country's standard of living is the
A. unemployment rate. B. long-run rate of economic growth. C. inflation rate. D. interest rate.
"The federal budget is required by law to balance." Is the previous statement correct or incorrect?
What will be an ideal response?
According to the article, we can conclude that the standard of living
A) is higher in Brazil because its citizens feel more control over their lives and have experienced job and wage growth. B) is higher in Japan because their life expectancy is longer. C) is higher in Japan because its GDP is higher. D) might be higher in Japan because it has a higher per capita real GDP but other factors such as Brazilians' satisfaction with their lives and economic growth should be considered when determining economic well-being.
In the late 1970s, ________ of all firms were less than a year old. In recent years, ________ were
A) about 40 percent; about 20 percent B) almost half; less than one-quarter C) less than 5 percent; more than 40 percent D) more than 15 percent; only about 8 percent