Policymakers use taxes to raise revenue for public purposes and to influence market outcomes
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Which of the following is true if all the national debt were owned internally?
a. The federal government would not need to refinance the national debt. b. The federal government would not need to worry about raising taxes to pay interest on the national debt. c. We would still be concerned about the effect on the distribution of income from interest payments on the national debt. d. All of these are true.
An example of a public good is a flood control project that protects all the homes and properties near a river
a. True b. False Indicate whether the statement is true or false
The central idea of the consensus vision of democracy is that policy should be determined by ______.
A. only the representatives B. those with minority preferences C. those with majority preferences D. as many citizens as possible
After Britain returned to the Gold Standard in the 1920s, the British pound was
A) undervalued, contributing to a long period of inflation. B) undervalued, contributing to a long period of recession. C) overvalued, contributing to a long period of inflation. D) overvalued, contributing to a long period of recession. E) value about right, leading to a long period healthy growth with almost no inflation.