In the 1930s, the United States charged an average tariff rate ________. Today, the rate is ________
A) of 17 percent; 33 percent B) of less than 10 percent; over 40 percent
C) of 100 percent; 20 percent D) above 50 percent; less than 1.5 percent
D
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When the Fed was created, its governing body was called the Federal Reserve Board, but it was later officially renamed the Board of Governors of the Federal Reserve System
Indicate whether the statement is true or false
There is no market supply curve in:
A. monopolistically competitive and monopolistic markets. B. a perfectly competitive market. C. a monopolistically competitive market. D. a monopolistic market.
The figure above illustrates the marginal private cost and the marginal social cost to the city of Seattle for each rock concert that is offered. It also illustrates the marginal private benefit. There is no external benefit
The efficient number of concerts in Seattle is A) 0. B) 5. C) 10. D) 20. E) 15.
When government expenditures exceed government revenues a budget surplus will exist
Indicate whether the statement is true or false