The heart of the supply-side economic program was to
A. raise taxes.
B. lower taxes.
C. raise government spending.
D. put people to work in government jobs.
B. lower taxes.
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Refer to the above table. It may be concluded that
A) Mexico has a comparative advantage in computer production. B) Mexico has a comparative advantage in bicycle production. C) The United States has a comparative advantage in producing both goods. D) The United States has a comparative advantage in producing neither good.
The Wagner Act of 1935
a. prevents unions from acting as cartels. b. allows workers joining a unionized firm to choose not to join the union. c. prevents employers from interfering when workers try to organize a union. d. prevents firms from hiring permanent replacements for workers who are on strike.
Keynes believed
A. once a recession began, it would always turn into a depression. B. full employment GDP was a rare occurrence. C. the expected profit rate and the interest rate were equally important in determining the level of investment in an economy. D. inflation was a persistent tendency of the economies of his day.
Households ________ final goods and services in the ________ market
A) purchase; product B) purchase; factor C) sell; factor D) sell; product