The benefits of social regulation are
A) easy to measure by the marginal value method.
B) often difficult to measure.
C) obvious to almost everyone, but the costs are usually hidden.
D) greater than the costs of social regulation in every example in the country today.
B
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The demand curve for a monopolistic competitor is likely to be flatter than that of a monopolist.
Answer the following statement true (T) or false (F)
(Consider This) Which of the following claims is not made by opponents of a value-added tax (VAT)?
A. Savings and investment is discouraged because future consumption is penalized. B. The VAT is regressive, potentially leading to additional progressive taxes to offset the regressive VAT. C. Sellers bear a disproportionately large burden of the tax. D. The VAT is a hidden tax, and thus easier to raise to support the expansion of government.
Since 1970, the United States has experienced ________ recessionary periods and ________ inflationary periods.
A. 2; 4 B. 3; 0 C. 8; 1 D. 5; 2
An increase in the supply of money will shift the aggregate demand curve to the right.
a. true b. false