Most Americans would voluntarily support defense without required taxation

a. True
b. False
Indicate whether the statement is true or false

False

Economics

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In the market for chewing gum, the current price is 50 cents per pack and 100,000 packs are sold. Which of the following events would lead to a new equilibrium price of 60 cents and quantity of 90,000 packs?

a. an increase in the price of other kinds of candy b. an increase in the price of the ingredients used to make chewing gum c. a decrease in the number of young people in the population d. an agreement by workers in the chewing gum industry to work for lower wages e. an increase in income

Economics

Assume the economy faces high unemployment but stable prices. Which combination of government policies is most likely to reduce unemployment?

A. The purchase of government securities in the open market and an increase in taxes B. The sale of government securities in the open market and a decrease in taxes C. The sale of government securities in the open market and a decrease in government spending D. The purchase of government securities in the open market and an increase in government spending

Economics