Incomes policies are based on discretionary monetary and fiscal policies
a. True
b. False
Indicate whether the statement is true or false
False
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_____________ is (are) the key factor in explaining the decline in death rates in the U.S. in the late 19th and early 20th century
a. Improved sanitation b. Improved medical treatments c. Urbanization d. A more varied and nutritious diet
If a firm is not forced to take account of a negative externality it creates, it will produce the quantity at which
a. the marginal cost of production equals the marginal private benefit b. the marginal cost of production equals the marginal social benefit c. the marginal social cost of production the equals marginal private benefit d. the marginal social cost of production equals the marginal social benefit e. price equals marginal social benefit
One of the reasons that successful proprietors may be reluctant to borrow money from a bank to expand their business is that
a. expanded businesses generally generate lower rates of profit b. the bank would become a part owner c. unlimited liability cramps ambition d. the bank's liability insurance isn't sufficient to cover expected liabilities e. issuing stock to finance the expansion is less costly
What percentage of American families pay more payroll tax than they pay in income tax?
A. 40. B. 60. C. 75. D. 80.