In the above figure, what is the amount of the tax per compact disc?
A) $10
B) $20
C) $30
D) $40
B
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Which of the following leads to a movement along the demand curve for spinach but does not shift the demand curve for spinach?
A) a rise in the price of spinach B) a newly discovered health benefit from eating spinach C) an increase in the price of broccoli, a substitute for spinach D) an increase in income for all spinach lovers
The crowding-out effect stresses that increased government borrowing to cover a budget deficit will cause
a. a higher interest rate and depreciation of the U.S. dollar. b. a higher interest rate and appreciation of the U.S. dollar. c. a lower interest rate and depreciation of the U.S. dollar. d. a lower interest rate and appreciation of the U.S. dollar. e. no change in the interest rate and depreciation of the U.S. dollar.
Suppose the real exchange rate of 10 Mexican pesos to the dollar changes to 9 pesos to the dollar. In this situation, the dollar has __________________, making American goods __________ expensive for Mexicans
A) appreciated; less B) appreciated; more C) depreciated; less D) depreciated; more
Which of the following is NOT related to the government's political function of income redistribution?
A) providing money transfer payments
B) excise tax on gasoline
C) Social Security
D) in-kind transfers