As a possible approach to eliminating the government budget deficit, increasing taxes for everyone would
A. mean only a small increase in taxes.
B. lead to a large increase in taxes for every worker.
C. transfer more goods and services to the government sector.
D. lead to an inflationary gap.
Answer: B
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Indicate whether the statement is true or false
Which of the following was not claimed in the book Time on the Cross, by Fogel and Engerman (1974)?
(a) Slavery was growing stronger economically before the Civil War. (b) Slave agriculture in the South was more productive than was family farming in the North. (c) Slave breeding and sexual exploitation by slave owners were normal aspects of the slave system. (d) Slave field hands were harder working and more efficient than were white agricultural workers.