Policy should create an environment in which the economy can expand its productive capacity rapidly, because that is the ultimate source of higher living standards. This task is the realm of
a. growth policy.
b. stabilization policy.
c. labor policy.
d. inflation policy.
a
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Tax incidence is:
A. the difference between what the buyers pay and what the sellers receive in a market where taxes are present. B. the relative tax burden borne by buyers and sellers. C. the generated revenue that comes from taxes in markets. D. the difference between the tax revenue generated and the value of deadweight loss caused by the imposition of the tax.
When discrimination occurs as a result of employer prejudice, discriminating firms do not maximize profits
a. True b. False Indicate whether the statement is true or false
Which of the following situations would be considered a money leakage?
a) A bank holding only the minimum required reserves. b) A business that refuses to accept cash and handles all transactions using credit cards. c) A senior citizen who keeps her retirement savings in a shoe box underneath her bed. d) A college student who never carries any cash.
If depreciation exceeds gross investment:
What will be an ideal response?