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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The major shortcoming of a barter economy is
A) that money loses value from inflation. B) that goods and services are not traded. C) the requirement of specialization and exchange. D) the requirement of a double coincidence of wants.
If the price of videotapes decreases, then the _____
a. marginal utility of videotapes will decrease b. marginal utility of videotapes will increase c. marginal utility per dollar of videotapes will decrease d. marginal utility per dollar of videotapes will increase e. total utility of videotapes will increase
Which of the following statements reflect the primary change in the mortgage market that played the major role in creating the housing crises in 2007 through 2009?
A. low interest in the mid 2000's. B. adjustable rate mortgages to low income citizens with low credit scores. C. the large increase in interest rates in 2007. D. the reduction in newly constructed housing.
Exhibit 17-1 Nation of Padia
Exhibit 17-1 shows the production possibility curve of the nation of Padia. Based only on this information, the point which would produce the highest rate of growth would be:
A. I B. II C. III D. IV