Increased demand for U.S. products by foreign residents will lead to a depreciation of the U.S. dollar relative to foreign currencies
a. True
b. False
Indicate whether the statement is true or false
False
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Which one of the following statements concerning the National Bank Act is not true?
a. It created a national banking system. b. It created the office of the Comptroller of the Currency. c. It required banks to provide financial reports to the Comptroller of the Currency. d. It created nationally chartered banks. e. It allowed banks to accept real estate as loan collateral.
The market labor-supply curve has all of the following properties except it:
A. reflects people's willingness to work more when wages are higher. B. is always upward sloping. C. shows the relationship between the price of labor and the quantity supplied. D. shifts with changes in the opportunity cost for work
Some economists believe that policymakers should avoid stabilization policy because
A. lags make the policy impact unpredictable. B. no tax cut ever stimulated demand. C. stabilization policies are rarely signed into law. D. it never works.
Which of the following forms of taxation accounts for the largest share of taxes received by state and local governments?
A. personal and corporate income taxes B. sales, excise, and gross receipts taxes C. property taxes D. license and permit fees