Multiple Choice
The Shero nation was founded on a capitalistic market system. The newly elected prime minister won by campaigning on the platform based on socialist principles. If the prime minister of Shero implements campaign promises, which of the following trends will the citizens of the country be most likely to experience?
A) higher taxes for wealthier citizens and more services for the poor and elderly
B) lower tax rates for all people and an emphasis on free markets
C) more rapid economic growth for businesses
D) a dramatic decrease in government corruption
Correct Answer:
Verified
Correct Answer:
Verified
Q69: What does the economy represent as a
Q70: Equilibrium price is the point at which
Q71: What is the main economic goal of
Q72: Less expensive labour pools overseas might create
Q73: What is unemployment rate? Identify and describe
Q75: An entrepreneur with limited funds who wants
Q76: Microeconomics is the study of broad, economy-wide
Q77: What do firms in oligopolistic markets tend
Q78: What occurs when tax revenue is higher
Q79: Natasha is very unhappy with conditions in