What is the amount of tariff imposed on a ton of sugar?
A. $1
B. $1,000
C. $500
D. $50
Answer: B
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Under fixed exchange rate, the response of an economy to a temporary fall in foreign demand for its exports is
A) the currency appreciates, and output falls. B) the currency depreciates, and output falls. C) the currency remains the same, and output decreases. D) the currency depreciates, and output remains constant. E) the currency appreciates, and output remains the same.
According to the Laffer curve, increases in the tax rate will lead to a(n)
A) steady decrease in tax revenues. B) steady increase in tax revenues. C) initial decrease in tax revenues and then an increase in tax revenues. D) initial increase in tax revenues and then a decrease in tax revenues.
If a given production combination is efficient, then it must be:
A. below the production possibilities curve. B. on the production possibilities curve. C. above the production possibilities curve. D. either an attainable or unattainable point.
A saver knows that if she put $95 in the bank today she will receive $100 from the bank one year from now, including the interest she will earn. What is the interest rate she is earning?
A. 5.26% B. 5.52% C. 5.10% D. 6.00%