The aggregate demand curve is downward sloping
a. True
b. False
Indicate whether the statement is true or false
True
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What is the role of value judgments in economic analysis?
What will be an ideal response?
When a tax is imposed on an item, it can generally be said that the incidence of the tax is
A. entirely on the buyer. B. entirely on the seller. C. on both the buyer and seller. D. not determined in this manner.
An economic expansion tends to cause the federal budget deficit to ________ because tax revenues ________ and government spending on transfer payments ________
A) increase; rise; falls B) decrease; rise; falls C) decrease; fall; rises D) increase; fall; rises
Increase in the number of transactors makes it difficult to negotiate private agreements for environmental goods
a. True b. False Indicate whether the statement is true or false