Government failure occurs when the government becomes the tool of the rent seeker and resource allocation becomes even less efficient.
Answer the following statement true (T) or false (F)
True
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Discuss four problems with the CPI. Does the CPI tend to overestimate or underestimate the true inflation rate? How big is this bias?
What will be an ideal response?
At the federal level, the single most important tax, accounting for slightly less than half of revenue, is the:
a. corporate income tax. b. personal income tax. c. estate tax. d. property tax. e. sales tax.
Julio makes wine and beer. Last year he made 20 bottles of wine and 20 cases of beer. If the price of grapes goes down (making wine cheaper to make), Julio will be able to make the same amount of wine and more beer
a. True b. False Indicate whether the statement is true or false
In which of the following U.S. occupations is the rate of unionization the highest?
A. Protective services. B. Sales workers. C. Managers. D. Transportation workers.