Speculative demand of money depends on:
a. Income
b. Expenditure
C. Interest rate
d. None of the above.
Ans: C. Interest rate
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A subsidy is the same thing as a tax deduction
Indicate whether the statement is true or false
If the price of a 32 GB memory card decreases from $25 to $20, the percentage change is:
A. -20 %. B. -33 %. C. -50 %. D. -60 %.
According to Keynes, when the economy falters, the government should do any of the following except
A. Make more money available. B. Buy more output. C. Practice a laissez faire policy approach. D. Provide more dollars for unemployment benefits.
Refer to Scenario 19.4 below to answer the question(s) that follow. SCENARIO 19.4: Suppose demand for widgets is given by the equation P = 10 - 0.25Q. Originally, the price of the good is $5 per unit. When a tax of $1 per unit is imposed, the price of the good rises to $6 per unit.Refer to Scenario 19.4. Prior to the imposition of the tax consumer surplus was ________ and after the tax was imposed consumer surplus was ________.
A. $50; $32 B. $32; $50 C. $100; $65 D. $25; $16