The Following Is a Term That Refers to Error- or Mistake

question 28

Multiple Choice

The following is a term that refers to error- or mistake proofing:

• A)Kaizen
• B)Muda
• C)Lean layouts
• D)Poka-yoke

Examine the future projections of taxes and government spending as a percentage of GDP in the U.S.

Evaluate the advantages and disadvantages of different tax systems including lump-sum tax.

Identify the most efficient tax structures and explain the reasoning behind them.

Understand the costs associated with taxation and classify them into categories.

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Definitions:

M2

A measure of the money supply that includes cash, checking deposits, and easily convertible near money, such as savings deposits, small time deposits, and money market mutual funds.

M3

A measure of the money supply that includes M2 plus large time deposits, institutional money market funds, and other larger liquid assets.

Reserve Ratio

The fraction of deposits that banks are required to hold in reserve and not lend out, aimed at controlling the money supply and banking stability.

M3

A measure of the money supply that includes M2 (cash, checking deposits, savings deposits, money market securities) plus large time deposits, institutional money market funds, and other large liquid assets.