Export subsidies lead to lower prices of exportables for both domestic residents and foreigners
Indicate whether the statement is true or false
FALSE
Explanation: Domestic prices rise.
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__________ contributions to a defined __________ pension plan are tax-deferred until retirement
A) Employer; benefit B) Employer; contribution C) Employee; benefit D) Employee; contribution
The share of GDP taken by taxes has increased dramatically since the 1960s.
Answer the following statement true (T) or false (F)
Refer to the diagrams, in which AD 1 and AS 1 are the "before" curves and AD 2 and AS 2 are the "after" curves. Other things equal, a decline in net exports caused by the foreign purchases effect of a price-level increase is depicted by the:
A. shift of the AD curve in panel (A).
B. move from point a to point b in panel (B).
C. shift of the AS curve in panel (B).
D. move from point a to point c in panel (C).
The best measure of money is
A) coins and currency. B) the one based on the transactions approach. C) the one based on the liquidity approach. D) something economists have never agreed on.