The net-export effect of contractionary monetary policy is
A) the appreciation of the value of the dollar and a resulting decrease of U.S. net exports.
B) the depreciation of the value of the dollar and a resulting increase of U.S. net exports.
C) the appreciation of the value of the dollar and a resulting increase of U.S. net exports.
D) the depreciation of the value of the dollar and a resulting decrease of U.S. net exports.
A
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What is meant by the marginal tax rate?
A) The highest rate that can be extracted. B) The lowest rate that will still meet the government's revenue requirements. C) The percentage of additional income that is taken by taxes. D) The rate paid by businesses that are just barely able to survive.
Factors of production include
A) the economic system. B) land, labor, capital and entrepreneurship. C) labor and capital (not land, which is fixed). D) only capital, land, and labor.
Proprietary technology is technology that is
a. widely used because it is easy to learn. b. widely used because the government subsidizes its use. c. not widely used because people could, but have not, taken the time to learn how to apply it. d. not widely used because it is known or controlled only by the company that discovered it.
A decrease in the number of dry cleaners in an area is represented by a(n):
A. downward movement along the dry cleaning supply curve. B. upward movement along the dry cleaning supply curve. C. leftward shift in the dry cleaning supply curve. D. rightward shift in the dry cleaning supply curve.