The opportunity cost of buying a good includes I. the price of the good. II. the value of time spent searching for the good
A) only I
B) only II
C) both I and II
D) neither I nor II
C
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Once the federal funds rate hits zero, a central bank seeking to stimulate its economy further must turn to unconventional monetary policies.
Answer the following statement true (T) or false (F)
In a world with saving, making an income tax a consumption tax would require the tax base to be _____
a. income b. income minus savings c. consumption plus investment d. comprehensive
A political candidate running in a two-person race is likely to occupy
A) an extreme end of the political spectrum and hope that his or her opponent will gravitate toward the middle so that he or she can then claim that his or her opponent has flip-flopped. B) the middle of the political spectrum and label his or her opponent as an extremist (either liberal or conservative). C) a position somewhere between the middle of the political spectrum and an extreme end so that he or she can move either way shortly before the election. D) one extreme end of the political spectrum early in the race and the other extreme end near the end of the race.
Taxes constitute the difference between GDP and disposable income.
Answer the following statement true (T) or false (F)