A local newspaper headline states "Congress Votes Against President's Proposed Tax Increase." An economist would interpret the statement as
A) a sad event, because all economists favor tax cuts.
B) uninteresting, because all economists favor theories instead of reality.
C) a purely political issue not related to economics.
D) a shorthand way of saying, "More individuals in Congress voted against the tax cut compared to the number of individuals who voted in favor of the tax cut."
D
Economics
You might also like to view...
How do the capital account and the current account differ?
What will be an ideal response?
Economics
If firms are more pessimistic and believe that future profits will fall and remain weak for the next few years, then
A) investment spending will remain unaffected. B) investment spending will rise and then fall. C) investment spending will rise. D) investment spending will fall.
Economics