The best example of fiscal policy is ___.
A. the Fed lowering interest rates
B. the government raising taxes
Answer: B. the government raising taxes
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The absence of clear property rights inhibits investment and economic growth
Indicate whether the statement is true or false
What would not be held constant in testing a theory that if a student studies harder, he will get a better grade? a. The course being taken
b. The ability and effort of the other students in the class. c. The grading scale in the course. d. The number of hours the student spends studying.
If the world price of a good is lower than its domestic equilibrium price, the country will:
a. import a quantity of the good equal to the difference between the quantity demanded domestically and the quantity supplied domestically. b. export a quantity of the good equal to the difference between the quantity demanded domestically and the quantity supplied domestically. c. import a quantity of the good equal to the difference between the quantity demanded domestically and the quantity supplied by foreign producers. d. export a quantity of the good equal to the difference between the quantity demanded by foreign consumers and the quantity supplied domestically. e. import a quantity of the good equal to the difference between the quantity demanded by foreign consumers and the quantity supplied by foreign producers.
"Goodwill" is an example of
A. physical capital. B. financial capital. C. a public service industry. D. intangible capital.