The Economic Recovery Tax Act of 1981 ________ in a way that was designed to stimulate capital investment.
A. eliminated personal taxes
B. increased government spending
C. cut corporate taxes
D. all of the above
Answer: C
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The terms of trade refers to
A) the ratio at which a country can trade its exports for imports from other countries. B) the role of the government in overseeing international trade. C) the rules and regulations that countries must adhere to when trading. D) a legal document that specifies the trade quantities agreed to by two countries.
The Bretton Woods system fixed all exchange rates in terms of the U.S. dollar
a. True b. False
Which of the following is an example of product differentiation on the basis of intangible aspects?
a. Offering a guarantee of satisfaction with a product b. Redesigning a product for consumer comfort c. Using herbal ingredients in a product d. Licensing the sale of a product
What was one reason the U.S government started a Federal Reserve system?
(A) To keep the banking power of the United States spread out among various districts. (B) To have a place for banks to deposit their excess deposits. (C) To provide consumers with access to funds for business expansion. (D) To make sure that the U.S. banks were obeying laws regarding banking.