What did the sound finance approach to fiscal policy use to support its view?
A. Keynesian economics
B. A history of successful procyclical fiscal policy
C. The Ricardian equivalence theorem
D. The functional finance view
Answer: C
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Which of the following is an example of a principal-agent relationship?
A) The relationship between two colleagues B) The relationship between a teacher and his student C) The relationship between an employer and a worker D) The relationship between two nations
Population density varies little between the fifty states
a. True b. False Indicate whether the statement is true or false
In a market system, the major coordination tasks are carried out
a. with the approval of central planners. b. as part of the regular appropriation process of Congress. c. irregularly by the major corporations. d. automatically by the market mechanism.
In a market capitalist economy:
A) markets are not competitive. B) individual ownership and decision making are relied upon. C) consumers have few choices. D) the government owns the factors of production.