A consumer values a car at $30,00 . and a producer values the same car at $20,000 . If the transaction is completed at $24,000 . what level of tax rate will result in unconsummated transaction?
a. 0%
b. 25%
c. 20%
d. 40%
d
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If this is a closed economy how many cars will be exchanged? 
A. 80,000 B. 20,000 C. 60,000 D. 40,000
At a constant rate of exchange between currencies, higher inflation makes domestic goods sold abroad ____expensive and, hence, ________ short-run equilibrium output.
A. more; decreases B. less; increases C. more; increases D. less; decreases
Which of the following is not a problem for less-developed countries?
a. Poor health and nutrition. b. Shortages of labor. c. High unemployment rates. d. Low labor productivity. e. low life expectancy
If Macroland's first Prime Bank has deposits of $35,000 and makes the maximum possible loans of $50,000 allowed, then Macroland's legal reserve requirement must be 17.5 percent
Indicate whether the statement is true or false