If the exchange rate is such that $1 equals 10 Mexican pesos, then the price of a peso is
A) $10.
B) $1.
C) $0.20.
D) $0.10.
D
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Other things being equal, a reduction in taxes will
A) lead to a corresponding reduction in interest rates increasing the crowding out effect. B) influence the short run aggregate supply curve but not the aggregate demand curve. C) cause an increase in aggregate demand due to increases in consumption, investment, or net exports. D) lead to a reduction in the long run aggregate supply curve as businesses enjoy greater profits.
One out of every ____ people on this planet lives in China.
Fill in the blank(s) with the appropriate word(s).
When the production of a good results in a positive externality(such as education) the social value demand curve is
A. To the left of the demand curve, indicating that the total value to society is less than the private benefit. B. To the right of the market demand curve, indicating that the total value to society is greater than the private benefit C. Identical to the market demand curve, indicating that the total cost to society is the equal to the private benefit D. To the left of the market supply curve, indicating that the total cost to society exceeds the private cost
If you were to face a marginal tax rate of 20 percent, how much would your tax bill increase when your income increased from $100,000 to $104,000?
A. $1,000 B. $10,400 C. $400 D. $800