Economist Arthur Laffer equated Robin Hood to?
A. government and equated the people passing through Sherwood Forest to taxpayers.
B. charitable organizations and equated the people passing through Sherwood Forest to poor
people.
C. businesses and equated the people passing through Sherwood Forest to consumers.
D. government and equated the people passing through Sherwood Forest to importers of
goods and services.
A. government and equated the people passing through Sherwood Forest to taxpayers.
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When a regulator allows a monopolist to set its price equal to long-run average cost, the regulator is practicing
A) marginal cost pricing. B) operating cost pricing. C) average cost pricing. D) optimal cost pricing.
If the government purchases multiplier is 4 and a change in government spending leads to a $500 million decrease in aggregate demand, we can conclude that
A. Government spending decreased by $125 million. B. Taxes increased by $500 million. C. Government spending decreased by $100 million. D. Taxes decreased by $100 million.