For about the last 45 years, state and local taxes have remained relatively constant as a percentage of GDP
a. True
b. False
Indicate whether the statement is true or false
True
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Pell grants are money given to students attending college. Pell grants are most closely similar to
A) public provision of a good. B) private subsidies given to producers of a good. C) vouchers given to consumers of a good. D) property rights assigned to consumers of a good. E) a subsidy given to the producer of a good.
Answer the following statements true (T) or false (F)
1. Firms in monopolistic competition sell a similar but differentiated product. 2. 3. 4. 5.
The foreign exchange rate is controlled by the Federal Reserve
a. True b. False
Supply-side tax cuts are more likely to have the intended beneficial effect on
a. budget deficits. b. consumer spending. c. investment spending. d. net exports.