Which of the following will not occur as the result of a decrease in net taxes?
A) a shift to the left of the supply curve for loanable funds
B) decreased government saving
C) decreased household saving
D) all of the above
C
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To protect the environment, governments in the United States have mainly used
A. legally enforceable direct controls on pollution. B. taxes on goods whose production creates pollution. C. direct taxes on emissions. D. discretionary guidelines suggested to polluting firms.
What is meant by the phrase, "There is no such thing as a free lunch"?
What will be an ideal response?
The region of the U.S. that benefited least from and fought hardest against raising tariffs in the first half of the nineteenth century was
(a) New England. (b) the Middle Atlantic states. (c) the South. (d) the West.
People who often create benefits for the minority and impose the cost on the majority are called:
a. laissez-faire groups. b. fair-interest groups. c. special-interest groups. d. encounter groups.