If a government has an active surplus and is below full employment, then:
a. The actual deficit must be less than the passive deficit.
b. The actual deficit must be greater than the passive deficit.
c. The actual deficit must be greater than the active surplus.
d. Fiscal policy must be stimulatory and moving the nation closer to full employment.
.A
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The most progressive tax of the major taxes employed in the United States _____
a. are sales taxes b. are excise taxes c. are income taxes d. are property taxes
Historically, most harmful bubbles are characterized by
a. investment in stocks. b. the sale of Treasury bills. c. heaving borrowing. d. reliance on technology.
The most efficient tax possible is a
a. marginal income tax. b. lump-sum tax. c. consumption tax. d. corporate profit tax.
Since most colleges and universities charge the same tuition to every student regardless of what time students choose to take their classes,
A) the schools must develop some type of non-price rationing device. B) it follows that all classes will have a shortage of seats. C) it follows that all classes will have a surplus of seats. D) it follows that some classes will likely have a shortage of seats while other classes may have a surplus of seats. E) a and d