Which of the following countries will most likely see a future increase in economic growth?
a. one where transportation, sewage and communication systems are strong
b. one with high import tariffs placed on foreign-made goods. This will keep out foreign competition
c. one where the average mother has 7 children
d. one where it is difficult to start a new business. there are many licenses to obtain and fees to pay
Answer: a. one where transportation, sewage and communication systems are strong
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The unemployment rate of today is significantly lower than that rate one hundred years ago
Indicate whether the statement is true or false
Between 1999 and 2015, throughout the world more children attended school:
A. only in those countries with strong economic growth. B. only in those countries with free college education. C. even in countries that did not experience strong economic growth. D. which contributed to the drop in family cohesiveness in developing countries.
The main difference between direct and indirect taxes is that
a. indirect taxes are automatically deducted from workers' paychecks and direct taxes are not. b. direct taxes are paid to state and local governments and indirect taxes are paid to the federal government. c. direct taxes are taxes levied on people and indirect taxes are taxes levied on activities undertaken by people. d. direct taxes are usually proportional and indirect taxes are usually progressive.
An example of a public good that is difficult to make excludable is:
A. fire protection. B. sewer systems. C. national defense. D. All of these are nonexcludable public goods.