Author Question: Which expression below matches most closely the way economists go about testing their models? A) ... (Read 93 times)

Yi-Chen

  • Hero Member
  • *****
  • Posts: 550
Which expression below matches most closely the way economists go about testing their models?
 
  A) Consistency is the hobgoblin of small minds.
  B) Seeing the results is the only way to know if you are right.
  C) A bird in the hand is worth two in the bush.
  D) In the long run we are all dead.

Question 2

Which of the following statements about taxation is TRUE?
 
  A) Increasing taxes will always increase tax revenues.
  B) Static tax analysis recognizes that an increase in taxation could lead to a decrease in tax revenues.
  C) Dynamic tax analysis assumes that an increase in taxation will leave the tax base unchanged.
  D) There is a tax rate at which tax revenues are maximized.



sarajane1989

  • Sr. Member
  • ****
  • Posts: 296
Answer to Question 1

B

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

For a complete list of videos, visit our video library