The new growth theory argues that
What will be an ideal response?
technology must be considered a separate factor of production that is sensitive to economic incentives.
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Which of the following statements accurately describes the Fed's control of discount policy?
A) It controls discount policy more completely than it controls open market operations. B) It must abide by discount rates set by Congress. C) It controls discount policy less completely than it controls open market operations. D) It controls discount policy completely, just as it controls open market operations.
If the present discounted value of a payment is $1,000,000 and there is a 40 percent chance that the payment will not occur, then the expected value is
A. $1,400,000. B. $1,000,000. C. $400,000. D. $600,000.
A sin tax is an example of:
A. a tax that increases the efficiency of a market. B. a Pigovian tax. C. government policy increasing total surplus in a market. D. All of these statements are true.
The ratio of the change in the equilibrium level of output to the change in taxes is the
A. tax multiplier. B. tax rebate ratio. C. government tax deficit. D. tax revenue calculator.