Which of the following would be entered as a credit in the financial account of the United States?
a. Purchase of U.S. Treasury bonds by Americans
b. Purchase of U.S. Treasury bonds by foreigners
c. Purchase of U.S. made cars by foreigners
d. Income earned by the U.S. from tourism
e. Purchase of foreign stocks by U.S. investors
b
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Comparable worth advocates have proposed that employers be required by law to pay wage rates equal to the value of the job. The most telling objection to this proposal is that
A) employers will probably resist strenuously and successfully. B) it is in the interest of employers to adjust their hiring so as to make the value of the job equal to the wage rate that must be paid. C) the government has no legal authority to set wage rates in the private sector. D) this would leave little or nothing for profits.
If some sellers exit a competitive market, how will this affect its equilibrium?
What will be an ideal response?
Refer to the Article Summary. If the 12 nations that are a part of the TPP do not agree to these stricter pharmaceutical patent laws as a way to increase intellectual property rights and ignore any international agreements which do protect these
intellectual property rights, which of the following would most likely occur? A) More patents would be issued to pharmaceutical companies. B) Pharmaceutical companies would consider expanding operations to these TPP nations. C) More dollars would be spent on the development of new medicines. D) Pharmaceutical companies would decrease investment in the development of more experimental drugs.
Are lump-sum taxes regressive or progressive? Is the deadweight loss of taxation the same for different types of taxes?
What will be an ideal response?