The actual division of a tax between buyers and sellers in a market is the excess burden of the tax
Indicate whether the statement is true or false
FALSE
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When the United States sends money to the Philippines to help typhoon survivors, the transaction is recorded in
A) the financial account. B) the capital account. C) the current account. D) the foreign exchange account.
Some economists believe that one factor that caused the financial crisis of 2007-2009 was top managers of large financial services firms making riskier investments than were in the best interests of the firms' shareholders
Indicate whether the statement is true or false
Backward induction means a player:
A. studies the rules of the game to determine how to make his next move. B. studies what other players have done in similar situations. C. studies his opponent's moves to figure out what she did wrong. D. works from the desired outcome to determine the decisions that lead to that outcome.
Assume that U.S. inflation increased while Germany's inflation stayed the same, there would be: