Which of the following is TRUE regarding rescission as a remedy?
a. It will not be granted if money damages would be adequate to compensate the injured party.
b. It is never granted in contracts involving unique items of personal property.
c. It is granted frequently in contracts involving the sale of goods.
d. It is available for the enforcement of contracts for personal services.
A
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One consequence fo having a congressional "safe seat" is that a House member
A.) cannot predict what issue are important to constituents B.) has complete control of the legislative agenda C.) can vote against the will of the member's congressional district without suffering negative feedback D.) can generally be partisan without an unfavorable political outcome
According to the theory of supply-side economics, a cut in the tax rate will actually result in an increase rather than a decrease in tax revenues. Which statement best explains how this is supposed to happen?
a. Lower tax rates encourage greater investment, leading to economic growth that contributes to a higher tax base. b. High tax rates stimulate government spending, which overheats the economy and brings on an economic downturn. c. High tax rates give the government too much ability to pass and enforce regulations that are burdensome on the private sector. d. Lower tax rates reduce bureaucratic intervention in the economy, allowing both consumers and producers to keep more of their own money.