Alan Garcia
A) in his first Presidency in Peru, followed free market economic policies.
B) nationalized the property of the financial services sector during his first Presidency.
C) was never freely elected in Peru and ruled with the support of the military.
D) maintained balanced budgets and helped Peru avoid the economic problems most Latin American nations were experiencing in the 1980s.
B
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Briefly explain why payroll taxes are a regressive tax.
What will be an ideal response?
Economists find that models based on the assumption of rational behavior are robust, because a world in which everyone is rational would function quite similarly to a world in which there are no
a. unexploited profit opportunities. b. constraints due to scarcity. c. inefficient markets. d. barriers to free trade.