A tax dollar collected from an individual or a business costs the private economy more than a dollar because
a. the administration and enforcement of the tax system is costly.
b. record keeping and the other elements of compliance cost are sizable.
c. the taxes will eliminate some productive exchanges (and cause people to undertake some counterproductive activities).
d. All of the above are correct.
D
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In the United States, of the following decades economic growth was most rapid during the ________
A) 1960s B) 1990s C) 1970s D) 2000s
Which of the following is a positive statement?
a. Heavy snowfall drives up the demand for heaters. b. Fiscal expenditures should be increased to combat recession. c. Government should encourage foreign direct investments to generate employment. d. Organs trade should be banned across nations.
One of the most important factors in determining the natural rate of unemployment is demographic change, such as a change in the age of the labor force
a. True b. False Indicate whether the statement is true or false
Two goods are considered substitutes only if a(n)
a. decrease in the demand for one leads to a decrease in the supply of the other b. increase in the demand for one leads to a decrease in the supply of the other c. increase in the price of one leads to an increase in the demand for the other d. decrease in the price of one leads to an increase in the demand for the other e. decrease in the supply of one leads producers to switch to production of the other