Historically, the U.S. governmental structure and political system
(a) changes in the presence of a system of checks and balances as circumstances
change.
(b) is a fixed structure and, therefore, provides the stability needed to support
productive activities.
(c) guarantees that only the qualified can vote.
(d) strongly protects the economic interests of capitalists identified as responsible
for economic growth.
(a)
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If social regulation causes the supply curve in a market to shift up because of higher marginal costs, then:
a. both consumer and producer surplus will decrease. b. both producer and consumer surplus will increase. c. consumers will gain at the expense of producers. d. producers will gain at the expense of consumers. e. there will be no change in the sum of producer and consumer surplus, although its division may change.
Which of the following theorists believe a decrease in marginal tax rates will increase the incentives to work and invest?
A. Supply-Side Economists B. Phillips Curve advocates. C. Monetarists. D. Keynesians.