A household consists of a married couple, their twin three-year-old sons, and their twin eight-year-old daughters. The couple's children had no income and lived with their parents all of last year. How many exemptions can the couple claim on last year's tax return if they file with the "Married filing jointly" status? A. 3 B. 5 C. 6 D. 4

QUESTION 13 Which of the following is least likely to be associated with market failure, and is consequently least likely to require any form of state regulation or intervention? a) Hake fishing off the west coast of South Africa. b) The provision of education services in government schools. c) The provision of education services in private schools. d) The market for fast foods.

QUESTION 18 Which of the following might be expected to generate employment? a) Economic growth that is capital intensive. b) Higher taxes for small businesses. c) A fall in the productivity of workers. d) The promotion of exports and investment.

QUESTION 15 According to Keynesian economists, during a boom in economic activity a) money supply should be increased. b) interest rates should be cut. c) government should increase its spending. d) tax rates should be raised.

An economy is at equilibrium output when a) \( Y=C+1+G+(X-M) \) b) \( Y=A D+C+G+(X-M) \) c) \( Y=A D+C+I+G+(X-M) \) d) \( Y=A D+C+I+G \)

QUESTION 17 When the reserve bank prints more money and increases the money supply, this will cause prices a) Decrease b) Stabilise c) Increase d) Fluctuate