Replacement of a progressive income tax system with a single income tax rate would be an example of
A. nondiscretionary fiscal policy.
B. discretionary fiscal policy.
C. interest rate policy.
D. mandatory spending policy.
Answer: B
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In which set of market models are there the most significant barriers to entry?
A. monopolistic competition and pure competition B. monopolistic competition and pure monopoly C. oligopoly and pure monopoly D. oligopoly and monopolistic competition
What is the present value of $960 in one year if the current rate of interest is 6 percent?
A) $676.76 B) $905.66 C) $1,017.60 D) $1,449.46
The demand faced by firms within which of the following industries is most nearly horizontal?
a. steel b. computer operating systems c. vegetables d. automobiles e. books
Over a given period of time, if exports are greater than imports, the result is
A. A trade war. B. A trade surplus. C. An embargo. D. A trade deficit.