Unit Test — Unit test Answers
0 verified answers
21
Free Preview
Milton Friedman argued that consumers are more likely to alter their behavior based on
A
changes in the unemployment rate.B
short-term changes in the economy.C
long-term changes in the economy.D
changes in the inflation rate.22
Free Preview
Which explains why government regulation is necessary in a mixed-market economy?
A
Government regulation protects constitutional rights, safety, and fairness.B
Government regulation protects property rights, safety, and profits.C
Government regulation protects constitutional rights, profits, and fairness.D
Government regulation protects property rights, safety, and business owners.23
How is an excise tax different from a sales tax?
A
An excise tax is not deductible.B
An excise tax applies to specific products.C
An excise tax applies only to imported goods.D
An excise tax is an indirect tax.24
A graph titled Total U S Government Spending as Percentage of G D P from 1990-2012 has year on the x-axis and percentage of G D P on the y-axis, from 15 to 30 percent in increments of 5. The percentage of G D P is lowest at 18 percent in 2001 and highest at 25 percent in 2009.
A
half of GDP.B
100 percent of GDP.C
one quarter of GDP.D
one tenth of GDP.25
[BLANK]
A
proportionallyB
progressivelyC
regressivelyDid you find these answers helpful?
Verified answers available
TRY EDGENUITY HACKS
- Auto Complete Exams
- Auto Complete Assignments
- Skip Videos Instantly
50,000+ students using this