The net export function is negatively sloped because exports are inversely related to domestic income
a. True
b. False
Indicate whether the statement is true or false
False
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A head tax is
a. always regressive. b. an indirect tax on the value of property. c. the primary tax used by U.S. municipalities to raise revenue. d. All of the above are correct.
In the long run the primary effect of increasing the quantity of money is higher prices
a. True b. False Indicate whether the statement is true or false
Assume point A on a linear production possibilities curve represents the combination of 12 coffees and 3 cappuccinos, and point B represents 3 coffees and 6 cappuccinos. Suppose coffees are on the vertical axis and cappuccinos are on the horizontal axis. The opportunity cost of a cup of coffee is:
A. 3 cappuccinos. B. 1/3 of a cappuccino. C. 9 cappuccinos. D. 6 cappuccinos.
The Federal Deposit Insurance Corporation insures
A. savings accounts against unlawful transfer into checking accounts. B. bank deposits against the failure of an individual bank. C. that the bank will maintain sufficient required reserves. D. bank buildings and property against fire and theft.