Who once said that taxes are the price we pay for a civilized society?
a. Aristotle
b. George Washington
c. Oliver Wendell Holmes, Jr.
d. Ronald Reagan
c
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Refer to Figure 3-8. The graph in this figure illustrates an initial competitive equilibrium in the market for motorcycles at the intersection of D1 and S1 (point A). If there is a surplus of motorcycles how will the equilibrium point change?
A) The equilibrium point will move from A to B. B) There will be no change in the equilibrium point. C) The equilibrium point will move from A to C. D) The equilibrium point will move from A to E.
How does adverse selection affect the willingness of corporations to issue stock?
What will be an ideal response?
Internalizing a positive externality will cause the demand curve to
a. shift to the right. b. shift to the left. c. become more elastic. d. remain unchanged.
Which of the following indicates the difference between the volume of exports and imports of a product?
A. Total trade B. Terms of trade C. Intra-industry trade D. Net trade