There is some agreement between the beliefs of President George W. Bush in 2001 on the effectiveness of tax cuts with the beliefs of former President
a. Keynes.
b. Clinton.
c. Reagan.
d. Carter.
c
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Of the following, consumer surplus is largest for
A) a perfectly competitive industry. B) a single-price monopoly. C) any price-discriminating monopoly. D) a perfectly price-discriminating monopoly.
Supporters of trade adjustment assistance claim that it benefits an economy because it:
A. keeps domestic firms competitive in international markets. B. increases political acceptance of trade barrier reductions. C. raises the prices of imports competing with domestic firms. D. does all of these.
When the value of money falls as a result of a rapid increase in its supply, ________ occurs.
A. negative exchange B. currency debasement C. deflation D. all of the above
The view that taxes should impose as little excess burden as possible and should be shared fairly among the taxpayers is consistent with the view of government ____
a. as a type of club b. as a benevolent despot c. as a constitutional republic d. as a constitutional democracy