A White House proposal to lower business taxes by increasing tax deductions is an example of
A) progressive taxation. B) contractionary fiscal policy.
C) automatic stabilization. D) expansionary fiscal policy.
D
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If the United States had a financial account deficit of $50 billion, we could say the United States had
A) net imports of $50 billion. B) net foreign borrowing of $50 billion. C) acquired net foreign assets of $50 billion. D) a current account deficit of $50 billion.
A problem with using the price of a product similar to the intermediate good sold on the market is
a. the market price includes a margin above marginal cost b. the product on the market may include costly features your downstream division does not use c. the product on the market may be cheap because it is not as high of quality as your downstream division uses d. all of the above