Supply-side economists
A. favor a smaller government.
B. favor higher marginal tax rates.
C. favor deficit spending.
D. all of these.
Answer: A
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Goods and services provided by state and local governments are:
A. included in GDP at cost. B. excluded from GDP because they are not sold in markets. C. excluded from GDP because they are publicly provided. D. included in GDP at market prices.
If this is a closed economy, what will the price of a bike be?
A. $40 B. $100 C. $20 D. $140
Which of the following is NOT among the proposals for reducing the Social Security financing gap?
A. Mandating larger payments from company pension plans B. Raising Social Security payroll taxes C. Privatizing the system D. Reducing benefits
The time value of money is
A. the opportunity cost of not having your money. B. also known as the credit score. C. the benefit of borrowing money. D. also known as price appreciation.