Which of the following is a form of a direct tax?
a. Personal income tax
b. Sales tax
c. Excise duty
d. Import tariff
e. Value-added tax
a
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The most significant change in the economic environment that changed the demand for financial products in recent years has been
A) the aging of the baby-boomer generation. B) the dramatic increase in the volatility of interest rates. C) the dramatic increase in competition from foreign banks. D) the deregulation of financial institutions.
John is able to take out a loan for $1,000 for one year at an annual interest rate of 10 percent. After calculating his return to be $200, John will:
A. make money on net, and should take out the loan. B. make money on net, and should not take out the loan. C. not make money on net, and should take out the loan. D. not make money on net, and should not take out the loan.
The AD curve shows that, as the price level falls the quantity of
A) GDP demanded increases. B) GDP demand decreases. C) Real GDP demanded increases. D) Real GDP demanded decreases. E) none of the above
The demand for microwaves in a certain country is given by: D = 8,000 - 30P, where P is the price of a microwave. Supply by domestic microwave producers is: S = 4,000 + 10P. If this economy opens to trade while the world price of a microwave is $50, and the government imposes a tariff of $30 per microwave, then the tariff revenue collected by the government will be ________.
A. $4,000 B. $40,000 C. $60,000 D. $24,000