Subsidiarity requires nations to give up some of their national sovereignty
Indicate whether the statement is true or false
TRUE
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If there are many close substitutes available for a good, its elasticity of demand will be higher.
Answer the following statement true (T) or false (F)
Economic models take into account the effect of trade on the distribution of income.
Answer the following statement true (T) or false (F)
Which of the following is a reason why we should consider the federal national debt a problem?
A) The federal government is in danger of defaulting on its debt. B) If the debt drives up interest rates, crowding out will occur. C) If the debt was incurred to finance improvements in infrastructure, crowding out will occur. D) If the debt was incurred to finance research and development, crowding out will occur.
School voucher programs
A. have not been tried in the United States. B. have had modest success in some experimental locations. C. are universally hailed by teachers unions. D. have had students perform much worse than equally-situated students in public schools.