Which of the following is false?
A) Under free banking, banks would not be subject to any special regulations beyond those which are required of other businesses.
B) Under free banking, banks would be allowed to issue their own currency.
C) The government would largely control the actions of banks under free banking.
D) The market forces would raise or lower the money supply under free banking.
C
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The second largest component of the federal government revenues is receipts from ________
A) corporate income tax B) excise tax C) social insurance tax D) value-added tax
All of the following would be considered explicit costs of operating a business except
A) the rental value of equipment the company owns and uses for its own production. B) advertising expenses. C) utility expenses. D) the cost of raw materials used in production.