If a country choose to dollarize, it has relinquished its
A) monetary policy autonomy.
B) pain from realignments
C) ability to conduct fiscal transactions.
D) ability to borrow internationally.
A
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Aggregate expenditures include all of the following EXCEPT
A) consumption of food. B) purchases of intermediate goods. C) purchases of a piece of capital equipment. D) purchases of guns by the government.
A general sales tax is a unit tax placed on all retail sales
a. True b. False
The productivity of the employees of a bakery is reduced because of the excessive noise coming from a next door car repair shop. This is an example of
A) synergy. B) a positive externality. C) a negative externality. D) happy coexistence.
The federal income tax is progressive because the tax rates increase at higher income levels
a. True b. False Indicate whether the statement is true or false