The principle of subsidiarity is a way to
A) divide power between local governments and unions.
B) provide support for industries in decline.
C) provide support for industries under pressure from foreign competition.
D) divide power between national governments and the EU.
D
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The international unit of accounting used by the IMF is the
A) euro. B) special financial right. C) special drawing right. D) dollar.
If the price of a candy bar increases from $1 to $1.50, the ____ will increase
a. producer surplus b. consumer surplus c. opportunity cost of producing a candy bar d. social marginal cost of producing a candy bar
Any change in price along a perfectly inelastic demand curve produces:
A. greater change in the quantity demanded. B. less change in the quantity demanded. C. no change in the quantity demanded. D. infinite change in the quantity demanded.
Static tax analysis assumes
A. changes in the tax rates will change the tax base. B. changes in the tax rates have no effect on the tax base. C. changes in the tax rates have no effect on tax revenue. D. all of the present tax rates will be in place for a minimum of twenty years.