In some African nations, less than half of the adult population are literate.
Answer the following statement true (T) or false (F)
True
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There are no arguments in favor of inheritance taxation on efficiency grounds, only on equity grounds
a. True b. False
Which of the following would we not expect if government policy moves the economy up along a given short-run Phillips curve?
a. Mark gets an increase in his nominal wage. b. Bob gets more job offers. c. Susan reduces prices at her pizza restaurant. d. Tom reads that the central bank recently raised the money supply
If a monopolist engages in price discrimination, it will:
A. charge a competitive price to all its customers. B. charge a higher price where individual demand is inelastic and a lower price where individual demand is elastic. C. produce a smaller output than when it did not discriminate. D. realize a smaller profit.
The length of time over which a bond promises to make payments to the holder is called which of the following?
A) the term structure of interest rates B) the face value C) the yield to maturity D) the holding period E) none of the above