The economic system of which of the following countries can be treated as an example of a command economy?
a. United States
b. Canada
c. United Kingdom
d. Cuba
d
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The U.S. Health Resources and Services Administration (HRSA) forecasts that in 2020
A) the number of doctors in the United States will decrease and the number of doctors needed will increase. B) there will be a surplus of doctors in the United States. C) there will be a shortage of doctors in the United States. D) the number of doctors in the United States will increase and the number of doctors needed will decrease.
The government of a small open economy announces a tax cut of $100 this year, combined with a tax increase of $110 next year, when the interest rate is 10%
What are the effects of this change on the world real interest rate, national saving, investment, and the current account balance in equilibrium when (a) Ricardian equivalence holds? (b) Ricardian equivalence does not hold?
A(n) ______ is a tax on a good with external costs.
Fill in the blank(s) with the appropriate word(s).
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point C to Point B, ________ additional LCD TVs could be produced when the production of OLED TVs is reduced by 20.
A. exactly 30 B. exactly 60 C. fewer than 30 D. more than 30