Economist Arthur Laffer equated Robin Hood to?
A. government and equated the people passing through Sherwood Forest to taxpayers.
B. charitable organizations and equated the people passing through Sherwood Forest to poor
people.
C. businesses and equated the people passing through Sherwood Forest to consumers.
D. government and equated the people passing through Sherwood Forest to importers of
goods and services.
A. government and equated the people passing through Sherwood Forest to taxpayers.
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The merger of two community hospitals located in the same geographic market is called
a. vertical integration. b. horizontal integration. c. a leveraged buyout. d. a conglomerate merger. e. a real shame since one of the hospitals will likely close.
Oligopolistic firms are the only ones that do not consider their rivals' actions when making decisions about output and price
a. True b. False
If the aggregate supply curve has its normal shape, deficit spending will increase
a. both GDP and the price level at about the same rate. b. the price level before it increases real GDP. c. the price level but decrease real GDP. d. real GDP before it increases the price level.
An unexpected increase in inventories has
A. no effect on future production. B. a negative effect on future production. C. a positive effect on future production. D. a negative effect on current production.