Net taxes:
What will be an ideal response?
taxes minus transfer payments
You might also like to view...
Problems are most likely to arise when:
A. complete information is impossible to obtain. B. people have good enough information to make acceptable choices. C. one person knows more than another. D. both parties lack the same information.
What would happen in the market for loanable funds if the government were to decrease the tax rate on interest income?
a. the supply of loanable funds would shift right and investment would increase. b. the supply of loanable funds would shift left and investment would decrease. c. the demand for loanable funds would shift right and investment would increase. d. the demand for loanable funds would shift left and investment would decrease.
A movement upward and to the right along a supply curve is called a(n)
a. increase in supply. b. decrease in supply. c. decrease in quantity supplied. d. increase in quantity supplied.
Which of the following equations is always correct in an open economy?
a. NX = Y - C - G - I b. NX = S - I c. NX = NCO d. All of the above are correct.