________ argued for a tax on consumption instead of on income because a tax on income discourages saving by taxing savings twice.
A. Bill Clinton
B. John Rawls
C. Irving Fisher
D. Thomas Hobbes
Answer: C
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A voter's preferences are single-peaked if:
A. her net benefit from an activity increases with the activity's level until her ideal is reached and declines thereafter. B. her total benefit from an activity increases with the activity's level until her ideal is reached and declines thereafter. C. her net benefit from an activity decreases with the activity's level until her ideal is reached and declines thereafter. D. her total benefit from an activity decreases with the activity's level until her ideal is reached and declines thereafter.
As wealth increases in the economy, we would expect to observe
A) bond prices and interest rates both rise. B) bond prices and interest rates both fall. C) bond prices rise and interest rates fall. D) bond prices fall and interest rates rise.
Most cultural theories of poverty assert that the poor lack sufficient desire and motivation to escape poverty
Indicate whether the statement is true or false
A natural monopoly exists whenever economies of scale are very extensive
a. True b. False Indicate whether the statement is true or false