Personalities in economics: Presidents generally appoint like-minded economists to the President's Council of Economic Advisers. Which of the following economists did not serve the president they are paired with?
a. President Bill Clinton and Laura Tyson
b. President John F. Kennedy and John M. Keynes
c. President Ronald Reagan and Martin Feldstein
d. President George W. Bush and N. Gregory Mankiw
e. President George H. Bush and Michael Boskin
B
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Stock markets deal
a. almost exclusively in newly issued stocks. b. in previously issued stocks. c. in both newly issued and previously issued stocks, but they do not deal in bonds. d. in large amounts of both newly issued and previously issued stocks and bonds.
Suppose that the legislature of the democratic republic of Marina proposes a 10 percent national income tax to be used to fund universal health care, literacy, and access to the justice system for all citizens. Which of the following categories best fits this proposed legislation?
a. Traditional public goods legislation b. Special-interest legislation c. Competing-interest legislation d. Populist legislation