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The Council of Economic Advisers was established to give economic advice to Congress.
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Discretionary fiscal policy is independent of Congress and left to the discretion of state and local governments.
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Expansionary fiscal policy during a recession or depression will create a budget deficit or ass to an existing budget deficit.
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If interest payment is deducted from the fiscal deficit, then the balance is—
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Which is the characteristic of a tax ?
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Which government income is included in revenue budget ?
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The personal distribution of income describes the manner in which societys total personal income is divided among wages and salaries, corporate profits, proprietors income, interest, and rents.
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Personal taxes have risen in relative terms since World War II.
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Most of the personal saving in the US economy is done by those households in the top 10% of its income receivers.
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The conflict between the scarce economic wants of society and its limited resources gives rise to the economizing problem.
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The wants with which economics is concerned include only those wants that can be satisfied by goods and services.
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Money is a resource called capital.
There are unlimited demands and not enough resources to meet these demands, is what leads to the economizing problem. Take this true and false review questions for McConnell and Brue 15th ed and see how much of the chapter...
Questions: 25 | Attempts: 529
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Sample QuestionThe conflict between the scarce economic wants of society and its limited resources gives rise to the economizing problem.
Chapter 11 Economy
Questions: 3 | Attempts: 142
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Sample QuestionWhat was the condition of America’s economy following World War I?
Questions: 9 | Attempts: 128
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Sample QuestionDirections (Q. 1 – 5): The passage given below is followed by a set of five questions. Choose the most appropriate answer to each question. During the 1960’s and 1970’s the primary economic development strategy of local governments in the United States was to attract manufacturing industries. Unfortunately, this strategy was usually implemented at another community’s expense: many manufacturing facilities were lured away from their moorings elsewhere through tax incentive and slick promotional efforts. Through the transfer to jobs and related revenues that resulted from this practice, one town’s triumph could become another town’s tragedy. In the 1980’s the strategy shifted from this zero-sum game to one called “high-technology development,” in which local governments competed to attract newly formed high-technology manufacturing firms. Although this approach was preferable to victimizing other geographical areas by taking their jobs, it also had its shortcomings: high-tech manufacturing firms employ only a specially trained fraction of the manufacturing workforce, and there simply are not enough high-tech firms to satisfy all geographic areas. Recently, local governments have increasingly come to recognize the advantages of yet a third strategy: the promotion of homegrown small businesses. Small indigenous businesses are created by a nearly ubiquitous resource, local entrepreneurs. With roots in their communities, these individuals are less likely to be enticed away by incentives offered by another community. Indigenous industry and talent are kept at home, creating an environment that both provides jobs and fosters further entrepreneurship. Question: The primary purpose of the passage is to
An economic impact analysis examines the effect of an event on the economy in a specified area, ranging from a single neighborhood to the entire globe. It usually measures changes in business revenue, business profits, personal...
Questions: 10 | Attempts: 100
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Sample QuestionWhat is an output impact?
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Sample QuestionWhich of the following are positive results of the space program? Select all that apply.
Quiz about the economy
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Sample QuestionEconomics is the study of
This will help me with your knowledge on the environment and what will you do to save the environment
Questions: 3 | Attempts: 49
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Sample QuestionWhat is the cause for global warming?
Questions: 8 | Attempts: 36
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Sample QuestionThe expression "supply and demand" reflects what kind of economy?
Chapter 22 Review Questions HOMIE!
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Sample QuestionOne of FDR's "four freedoms" were:
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Sample QuestionPrize Transfer Service is hosted as
All the questions are on prize transfers from EBS. It is intended that team will go through the code before attempting the unknowns.
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Sample QuestionWhich field in s2s prize transfer request is updated with data from SourceInfo column
Understand where you lie on the four tier economic pyramid!
Real names are not required if you wish to protect your personal privacy.
Results are not 100% accurate due to diversity among the general population and lack...
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Sample QuestionWhat do you or your parents or the people who are raising you do for a living? Are they ...
This quiz will ask questions about the economy of the United States and the causes of its prosperity or depression.
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Sample QuestionBefore the War of 1812, what act enacted by Jefferson prevented trading with the British and French but its result stimulated industrial growth?
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Sample QuestionWhich EIM Delete process option should you use to delete just the rows from an EIM tabel that contain a specific word?
Hshyueyueytuweuy
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Sample QuestionIn a traditinal economy, how are economic decisions made?
Canada is a country found on north of the world that goes from the US in the south to the arctic circle in the north. Take up the quiz to gauge your knowledge on Canada’s economy.
Questions: 19 | Attempts: 22
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Sample QuestionIn what year did Canada enact free trade with the United States?
An open economy is defined as an economy affected by imports and exports. Allowing products and services from other countries makes it open. Take up the quiz to understand this part of macroeconomics better. All the best.
Questions: 10 | Attempts: 20
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Sample QuestionIn the short run, the economy reaches the same real exchange rate and the same level of output, whether it operates under fixed exchange rates or under flexible exchange rates.In the medium run, the economy reaches the same real exchange rate and the same level of output, whether it operates under fixed exchange rates or under flexible exchange rates.
Questions: 21 | Attempts: 19
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Sample QuestionThe three fundamental questions that nay economy must address are:
Facts?! You need them to prove your arguments - dates, examples and all..... see how many of these you can get right on your own, as a pair then as a class. Any left over? Use Walsh to search them out!
Questions: 24 | Attempts: 19
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Sample QuestionTelevision was one of the most impprtant new industries in the 1920s
This test is to see if you pass the Economy section of ARES' Academy I. Hope you pass!
Questions: 10 | Attempts: 19
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Sample QuestionWhat is the optimum tax rate?
Questions: 52 | Attempts: 18
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Sample Question101. Our office security door is scheduled to _______ this week so all staff members are required to return their security cards to the front desk.
CSU Fall 2012 Exam 1 American Gov. ("We The People") TextBk
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Sample QuestionThe Initiative is
RATIONALIZED LOCAL PLANNING SYSTEM (CH.1-4)
Questions: 25 | Attempts: 12
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Sample Question_____________ in the local economy is shown by changes in the relative share of each sector to the total economy over time.
Take this quiz and test your knowledge of Malthus, Darwin and Spencer's ideas.
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Sample QuestionWho wrote: “Among plants and animals the view of the subject is simple. They are all impelled by a powerful instinct to the increase of their species; and this instinct is interrupted by no reasoning, or doubts about providing for their offspring. Wherever therefore there is liberty, the power of increase is exerted; and the superabundant effects are repressed afterwards by want of room and nourishment, which is common to animals and plants; and among animals by becoming the prey of others.”?
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Sample QuestionIn a Open Economy everyone in the state is free to open a business
Questions: 115 | Attempts: 9
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Sample QuestionWhich functions form a maintenance group?
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Sample QuestionAn economy interacts with other world economies through- 1. product market linkage 2. financial market linkage 3. factor market linkage 4. labour market linkage Which of the above is/are correct? Page- 76
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Sample QuestionA health technology assessment can examine the consequences of applying a health technology with regard to: Please select from the following:
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Sample QuestionA market economy answers the question "what" goods will be produced by focusing on
