The inflation tax is primarily a tax on
A) government bonds.
B) Social Security recipients.
C) money.
D) real income.
C
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Research by James Smith indicates that the grandsons of Mexican males who immigrated to the U.S. in the early 1900s
a. have higher levels of education and higher salaries than their grandfathers. b. have lower levels of education, but higher salaries than their grandfathers. c. have about the same level of education as than grandfathers and similar salaries. d. have lower levels of education and lower salaries than their grandfathers.
Over the elastic portion of a demand curve, a decrease in price causes:
a. an increase in total revenue. b. a decrease in total revenue. c. no change in total revenue. d. an increase in quantity demanded, but anything can happen to revenue.
Lack of well-defined ____ may cause market failures
a. fiscal policies b. public transportation systems c. private property rights d. interest rates e. monetary policies
U.S. Steel considers the iron ore market thin because of:
a. the availability of wide range of ore producers. b. the scarcity of alternative ore suppliers. c. the volatility of ore prices. d. the low deliverability risks.