Sales taxes, property taxes, and value-added taxes are examples of indirect taxes.
Answer the following statement true (T) or false (F)
True
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An increase in the real rate of interest that can be earned on U.S. investments above the rate that can be earned on investments in India would:
a. increase the price of the dollar in Indian rupees. b. increase the supply of dollars by those holding U.S. dollars. c. decrease the equilibrium exchange rate of Indian rupees per dollar. d. all of these.
Which of the following economic indicators is used by the World Bank to classify countries as industrial or emerging economies?
a. GDP b. Rate of inflation c. Net exports d. Per capita income e. Budget deficits
An increase in quantity demanded a. illustrated by a movement downward and to the right along a demand curve. b. illustrated by a movement upward and to the left along a demand curve. c. shifts the demand curve to the left
d. shifts the demand curve to the right.
In the figure above, a perfectly price-discriminating monopoly will maximize profit by producing at amount of output equal to
A) h. B) j. C) k. D) none of the above.