The concept of equity pertains to the fairness of a tax.
Answer the following statement true (T) or false (F)
True
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A price-discriminating monopoly
A) sells a larger quantity than it would if it were a single-price monopoly. B) is illegal. C) cannot offer discounts. D) cannot control the price of its product. E) makes a smaller economic profit than it would if it were a single-price monopoly.
MFN status means that a trading partner is getting the best trade deal possible given current national trade policies
Indicate whether the statement is true or false
Everything else held constant, an increase in the excess reserves ratio causes the M1 money multiplier to ________ and the money supply to ________
A) decrease; increase B) increase; increase C) decrease; decrease D) increase; decrease
Statistical discrimination:
A. can limit the opportunities of individuals just because they happen to belong to a certain group of people. B. can be a rational response to information asymmetry. C. is not always a legal solution to information asymmetry. D. All of these statements are true.