Refer to the diagram, in which solid arrows reflect real flows; broken arrows are monetary flows. Flow (7) might represent:
A. a transfer payment to disabled persons.
B. wage payments to public school teachers.
C. subsidies to corporations to stimulate exports.
D. the U.S. Bureau of Engraving and Printing's expenditures for paper.
D. the U.S. Bureau of Engraving and Printing's expenditures for paper.
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A fifty cent tax imposed on a pack of cigarettes is _____
a. a unit tax b. an ad valorem tax c. a retail sales tax d. relatively cheap
Peruvian economist Hernando de Soto claims the ___________ in Latin America results in "dead capital."
A. weak titling system B. strong titling system C. general lack of strong national defense D. generally weak currencies
In the last few decades, tariffs have:
A. risen by more than 20 percent in developing countries. B. fallen by more than 20 percent in developing countries. C. risen more in developing nations than in developed countries. D. risen more in developed nations than in developing countries.
If the price of inputs falls and the level of consumer indebtedness rises:
a. Aggregate demand falls, and aggregate supply rises. b. Aggregate demand and aggregate supply rise. c. Aggregate demand rises, and aggregate supply falls. d. Neither aggregate demand nor aggregate supply change. e. None of the above.