Supporters of supply-side economics claim that ________ tax policies were quite successful in stimulating the economy because throughout most of the 1980s, federal receipts continued to rise even though tax rates had been cut.
A. Jimmy Carter's
B. Gerald Ford's
C. Richard Nixon's
D. Ronald Reagan's
Answer: D
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An increase in national income could by caused by which of the following?
A) an increase in gross domestic product B) a decrease in personal income C) an increase in depreciation D) an increase in personal taxes
With economies of scale came
A) larger families. B) simpler business forms. C) the need for management structures beyond what a family could offer. D) fewer economies of scope.
A mortgage that allows the borrower to choose the monthly payment for a few years is a
A. credit-default swap. B. "liar loan." C. pay-option adjustable-rate mortgage. D. traditional, thirty-year fixed-rate mortgage.
Supposing a firm is a price taker, the demand for that firm's product is
A. a downward sloping line with the negative of the market price as its slope. B. flat line at the market price. C. parabolic. D. an upward sloping line with the market price as the slope.