Based in part on the budget surplus, in 2001 President Bush and Congress passed a permanent tax cut
Indicate whether the statement is true or false
FALSE
You might also like to view...
Which of the following groups had the highest poverty rate in 2014 in the United States?
A) Asians B) Hispanics C) blacks D) female heads of families
A lottery is the only fair means in which to ration a good
Indicate whether the statement is true or false
In a command economy:
a. economic effort is devoted to goals passed down from a ruler or ruling class. b. economic effort is commanded by the people of a country. c. there is no coordinated economic effort. What you produce is what you get to consume. d. economic effort is determined by the government, businesses, and the people of a country.
During the 1960s and 1970s, the U.S. trade balance was close to zero, but during the 1980s, the trade deficit ballooned to unprecedented levels due to:
A. a decline in national saving caused largely by rapidly rising government budget deficits. B. an inability of U.S. companies to compete in the international market. C. a worldwide recession that made it difficult for American companies to sell their products abroad. D. a decline in private saving that resulted from an upsurge in consumption.