If income tax rates are increased in an attempt to balance the federal budget, we should expect to see
a. an increase in consumption and a decrease in GDP.
b. an increase in consumption and an increase in GDP.
c. a decrease in consumption and a decrease in GDP.
d. a decrease in consumption and an increase in GDP.
c
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Globalization is the process of countries imposing trade restrictions on other countries
Indicate whether the statement is true or false
Lucas argues that when policies change, expectations will change thereby
A) changing the relationships in econometric models. B) causing the government to abandon its discretionary stance. C) forcing the Fed to keep its deliberations secret. D) making it easier to predict the effects of policy changes.
From the late 1930s until the early 1970s, courts tended to follow per se rules when deciding antitrust cases. According to these rules,
a. a firm's control of a large market share was considered intrinsically illegal. b. the existence of only one or two firms in an industry was not necessarily an antitrust violation. c. both market share and predatory practices must be considered in determining whether a firm had violated the law. d. the court should only intervene if the firm charged "unfair" prices.
Compared to a pollution? tax, a? uniform-abatement policy is less efficient because it does not exploit differences in??
Compared to a pollution? tax, a? uniform-abatement policy is
less
efficient because it does not exploit differences in??
A.
output levels across firms.
B.
the level of environmental concern across firms.
C.
abatement costs across firms.
Your answer is correct.
D.
all of the above.