Tariff revenue is an important source of operating revenue for many governments of high income countries
Indicate whether the statement is true or false
FALSE
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If you are earning $20,000 this year and the CPI is 165, your real income in base year prices is
A) $121.21. B) $12,121.21. C) $20,000. D) $16,500. E) $33,000.
In a competitive market, if the production process involves an external benefit, the market will
a. produce the economically efficient outcome. b. result in a market price that is higher than the efficient one. c. result in a market price that is lower than the efficient one. d. result in too much of the good being produced compared to the ideal efficient outcome.
The multiplier effect of government spending can be stated as a ________ multiplier or a ________ multiplier.
A. spending; job B. government; private sector C. federal; local D. fiscal; money
Use the figure below to answer the following question.
In the past few years, the demand for donuts has increased. This would be illustrated by a change from
A. point 6 to point 3. B. point 5 to point 2. C. point 4 to point 6. D. point 1 to point 2.