After 2000, rapid economic growth continued for the high-growth Asian economies
Indicate whether the statement is true or false
FALSE
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An increase in government expenditure shifts the ________
A) labor demand curve to the left B) labor supply curve to the left C) labor demand curve to the right D) labor supply curve to the right
Which of the following serve as automatic stabilizers?
a. Transfer payments b. Prices c. Imports d. All of the above serve as automatic stabilizers e. None of the above serve as automatic stabilizers
A ad valorem sales tax can be thought of as
A) a proportional tax. B) not part of the tax base. C) a revenue source for county governments only. D) none of the above.
If only a few people are affected by an externality, then it is likely that
a. the government will play a role in collective action. b. command-and-control regulation will provide the most efficient solution to the externality. c. a private solution to the inefficiency will occur. d. a private solution will be very difficult to negotiate.