Efficient allocation of resources makes everyone better off
a. True
b. False
Indicate whether the statement is true or false
True
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If the current level of GDP exceeds full employment, the level of GDP can be reduced by
A) reducing the money supply. B) lowering interest rates. C) increasing spending. D) reducing taxes.
Firms can acquire access to savings indirectly through ________
A) issuing securities B) borrowing from banks C) the payment of taxes to the federal government D) the depositing of funds in depository institutions
Based on annual data from 2000-2010, the Gadget Company estimates that sales are growing according to a linear trend:
Q = 50,000 + 200t where t is time and t = 0 in 2000. a. Forecast sales for 2013. b. Do you see any problems with this forecasting method?
A head tax is
a. a tax in the form of a percentage of the value of the good taxed b. a fixed tax in the form of cents or dollars per unit of the good c. a sales tax applied to a foreign good d. any tax levied on a good e. the same as a poll tax