Which of the following countries has the most economic freedom?
a. Venezuela
b. Zimbabwe
c. Hong Kong
d. Cuba
c. Hong Kong
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In contrast to the need for legal enforcement under a system of direct controls, a taxes approach
A. is subject to greater uncertainty of payment of fees. B. makes taxes automatic and certain. C. speeds the prosecution and conviction process. D. does not actually reduce pollution, merely the cost of monitoring it.
Which of the following statements is false?
A) In the short run: total cost = fixed cost + variable cost. B) Variable costs are costs that change as output changes. C) An explicit cost is a nonmonetary opportunity cost. D) In the long run there are no fixed costs.
Do you agree that currency depreciation will lead to an increase in the debt burden of the companies that borrow in foreign currency? Explain with an example
What happened after the failure of the Bank of the United States in late 1930?
a. The stock market experienced a major crash. b. The FDIC stepped into cover deposits. c. People converted currency into deposits. d. Many banks stopped lending excess reserves.