The growth rate of zerbia, a small developing country, has fallen close to zero percent in the current year. harry miller and jonathan taylor, who are columnists with a business daily, are discussing suitable fiscal measures to revive economic growth in the country. jonathan feels that the income tax rates in zerbia are too high. lower income tax rates would increase consumer spending and so would promote economic growth. harry, on the other hand, believes that an increase in government expenditure would have a substantial impact on the country's gdp. additionally, he feels that investing in green technology would not only accelerate growth, it is also likely to be more sustainable in the long term. which of the following, if true, would weaken harry's claim that government investment in green technology will revive the economy in the near term? a. zerbia has not ratified the kyoto protocol and therefore is not bound by greenhouse gas emissions targets. b. zerbia is heavily dependent on imported oil to meet its energy requirements. c. some industry experts are of the opinion that the cost of implementing green technology may not be justified by the benefits. d. the green technology industry in this country is highly capital-intensive and dependent on imported machinery. e. the zerbian government had a budget surplus in the last financial year.

Suppose that hubert, an economist from an am talk radio program, and kate, an economist from a nonprofit organization on the west coast, are arguing over government bailouts. the following dialogue shows an excerpt from their debate: kate: to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days. hubert: indeed, it’s gotten crazy! a government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets. kate: i don’t know about that. without a bailout of severely distressed financial firms, the economy will experience a deep recession. the disagreement between these economists is most likely due todifferences in scientific judgments . despite their differences, with which proposition are two economists chosen at random most likely to agree? business managers can raise profit more easily by reducing costs than by raising revenue. central banks should focus more on maintaining low unemployment than on maintaining low inflation. employers should not be restricted from outsourcing work to foreign nations

Cooper sues company a in state court in south carolina, where he lives, for negligence alleging personal injury and property damage of $100,000 after a truck driven by an employee of company a rear-ended his pickup truck. company a is incorporated in delaware, has its headquarters in new york, but does a substantial amount of business in south carolina. claiming diversity of citizenship, company a seeks removal to federal district court, but cooper opposes the motion. which of the following is true regarding whether the case may be properly removed to federal district court? the amount in controversy satisfies diversity requirements; and if company a's nerve center is in a state other than south carolina, then the case may be properly removed to federal court.the amount in controversy satisfies diversity requirements; and because company a is incorporated and has its headquarters in a state other than south carolina, the case may be properly removed to federal court.because the amount in controversy satisfies diversity requirements and company a is incorporated in a state other than south carolina, the case may be properly removed to federal court regardless of where company a's headquarters, nerve center, or principal place of business is located.because the amount in controversy satisfies diversity requirements and company a is headquartered in a state other than south carolina, the case may be properly removed to federal court regardless of where company a is incorporated and regardless of the location of its nerve center.because the amount in controversy fails to satisfy jurisdictional requirements, regardless of the location of company a, the case may not be removed to federal court.

Which of the following is correct? a. a tax burden falls more heavily on the side of the market that is more elastic.b. a tax burden falls more heavily on the side of the market that is less elastic.c. a tax burden falls more heavily on the side of the market that is closer to unit elastic.d. a tax burden is distributed independently of the relative elasticities of supply and demand.