Research by Harvard economists Barro and McCleary revealed that church attendance and economic growth have a(n) _______________ relationship. They also found that specific religious beliefs (in heaven, hell, and afterlife) and economic growth have a(n) ___________ relationship
A) inverse; inverse
B) direct; direct
C) inverse; direct
D) direct; inverse
C
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Nontraded securities are part of
A) direct, but not indirect finance. B) indirect, but not direct finance. C) direct and indirect finance. D) neither direct nor indirect finance.
Which of the following statements is correct?
a. A decrease in the size of a tax always decreases the tax revenue raised by that tax. b. A decrease in the size of a tax always decreases the deadweight loss of that tax. c. Tax revenue decreases when there is a small decrease in the tax rate and the economy is on the downward-sloping part of the Laffer curve. d. An increase in the size of a tax leads to an increase in the deadweight loss of the tax only if the economy is on the upward-sloping part of the Laffer curve.
Any asset used to make purchases is:
A. money. B. a deposit. C. the same as income. D. a bond.
Cooperation between oligopolistic firms is difficult because
A. each firm has a monopoly power on its own product. B. firms rarely have mutual interests. C. firms gain more through competition. D. each firm has an incentive to "cheat" on the agreements made.