William J. Clinton (1993–2001) was the first U.S. president since the Great Depression to increase taxes to try to reduce the federal budget deficit
Indicate whether the statement is true or false
False (FDR was the first.)
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The United States Postal Service is an example of a monopoly created by
a. government franchise. b. copyright. c. control of scarce inputs. d. rent-seeking behavior.
Suppose that many corporations begin issuing new bonds. Everything else being equal, what is most likely to happen to the interest rate?
a. It will increase. b. It will decrease. c. It will not change. d. It will vary according to a random walk.
In general, when the price of a fixed factor of production increases:
A. the profit-maximizing price falls. B. marginal cost increases. C. the profit-maximizing level of output increases. D. the profit-maximizing level of output does not change.
Which of the following is ALWAYS true for a profit-maximizing single-price monopolist?
A) P = MC B) P = MR C) MR = MC D) MC = ATC