To fully understand the progressivity of government policies, one should only look at the proportion of total income that individuals pay in taxes each year

The interest rate that banks charge each other for short-term loans is the

a. discount rate b. prime rate c. treasury rate d. federal funds rate e. interbank rate

All of the following questions or statements regarding tariffs are positive statements except:

A) Economic models can be used to estimate the dollar amounts gained by the winners from the imposition of a tariff. B) Economic analysis can, by itself, decide whether a tariff proposal should be enacted. C) Economic analysis can show the size of the loss of economic efficiency from the imposition of a tariff. D) Economic models can be used to estimate the dollar amounts lost by the losers from the imposition of a tariff.