Author Question: Which expression below matches most closely the way economists go about testing their models? A) ... (Read 92 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?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

For a complete list of videos, visit our video library