Foreign nations' demand for dollars increases as
a. Americans travel abroad
b. foreigners purchase American goods
c. Americans purchase foreign goods
d. Americans buy foreign stocks or bonds
e. Americans send cash gifts abroad
B
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Define the terms legal incidence and economic incidence. When the legal incidence of a tax is changed, how does this affect the economic incidence of the tax? Why does this result occur?
What will be an ideal response?
With fixed interest rates, unanticipated deflation hurts ________ because ________
A) lenders; they get paid back in less valuable dollars B) lenders; they get paid back in more valuable dollars C) borrowers; they repay the loan in more valuable dollars D) borrowers; they repay the loan in less valuable dollars
Monetary policy in the European Monetary Union is determined by
A) the Bundesbank. B) the European Union Senate. C) the European Central Bank. D) None of the above.
A patent provides legal protection for an invention for
A) 20 years. B) 9 years. C) 5 years. D) 3 years.