How does total taxes as a percentage of GDP in the United States compare to those of Western European countries, such as the United Kingdom, Germany, and Sweden?
a. U.S. taxation is substantially larger.
b. U.S. taxation is about the same.
c. U.S. taxation is slightly larger.
d. U.S. taxation is smaller.
d
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In the above figure, the economy is at point a on the initial supply of loanable funds curve SLF0. What happens if the interest rate rises?
A) There is a movement to a point such as b on supply of loanable funds curve SLF0. B) The supply of loanable funds curve shifts rightward to a curve such as SLF2. C) The supply of loanable funds curve shifts leftward to a curve such as SLF1. D) none of the above
Consumers will willingly make less-informed decisions: a. if information costs are less than the perceived benefits of gathering information. b. if information costs are greater than the perceived benefits of gathering information. c. since ignorance always leads to bliss
d. whenever acquiring more information requires sacrifice.
If an oligopolistic manufacturer believes that he faces a kinked demand curve for his product, he thinks his competitors will ______ if he lowers his price and ____ if he raises his price.
A. lower their prices; raise their prices B. lower their prices; not raise their prices C. not lower their prices; raise their prices D. not lower their prices; not raise their prices
The dominant strategy in the advertising dilemma is to not advertise no matter what the other firm does.
Answer the following statement true (T) or false (F)