In 2012, "Tax-Freedom Day" (the day average workers have earned enough to pay their tax bills) was:
A. April 9.
B. April 15.
C. April 17.
D. July 4.
Answer: C
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The table above gives the demand schedule for peas. Between point A and point B, the price elasticity of demand equals
A) 0.11. B) 0.50. C) 0.22. D) 9.09.
In the figure above, international trade ________ consumer surplus in the United States by ________
A) decreases; $2.88 billion B) decreases; $1.92 billion C) increases; $2.88 billion D) increases; $4.8 billion
Which of the following is a reason why the Japanese yen is considered money?
a. It is backed by gold. b. Its value over the years has varied significantly. c. Goods in Japan are priced in terms of the yen, the most liquid asset of the economy. d. It is backed by silver. e. It is an asset that lacks liquidity.
The purchase of VCU2 by Tomas Tiergarten, a private resident, causes the nation's:
a. Monetary base to fall. b. M2 money supply to fall. c. M2 money multiplier to remain the same. d. M2 money supply to rise.