The U.S. economy in 2009 was characterized by an excess level of output. This corresponds to a recessionary gap
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is not based on the benefits-received principle of taxation?
a. charging a fee for use of public golf courses b. differences between residential and out-of-state college tuition c. the excise tax on gasoline d. toll booths on a highway e. charging a fee per bag to haul away garbage
Pepsi is considering an expensive advertising campaign to steal market share from Coca-Cola. Why might both companies have a dominant strategy to advertise, even if advertising attracts few new customers to the cola drink industry?
A multinational organization that aims to promote world economic growth through more financial stability is
A. the Impossible Mission Force. B. the World Monetary Fund. C. the International Bank. D. the International Monetary Fund.
Which of the following is a positive incentive?
A. A school teacher decides to retire and focus on gardening. B. A business decides to leave the industry. C. McDonalds decides to offer a white chocolate mocha. D. Discover credit cards offer 0 percent balance transfer rates for someone to open a new account.