Double taxation is a problem for corporations
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following would lead to a rise in demand for recordable DVDs by students?
a. An increase in the number of DVD manufacturers. b. A decrease in the price of DVD recording devices. c. A decrease in the price of the DVD making machinery. d. A cut in the number of student workers hired by the university, lowering student incomes.
To measure the effect of debt in an economy, economists use a standard measure which involves the ________ relative to the GDP
A) stock of debt B) stock market activity C) outstanding government bonds D) capital stock of equipment
Suppose the government imposes a tax on cheese. The deadweight loss from this tax will likely be greater in the
a. first year after it is imposed than in the eighth year after it is imposed because demand and supply will be more elastic in the first year than in the eighth year. b. first year after it is imposed than in the eighth year after it is imposed because demand and supply will be less elastic in the first year than in the eighth year. c. eighth year after it is imposed than in the first year after it is imposed because demand and supply will be more elastic in the first year than in the eighth year. d. eighth year after it is imposed than in the first year after it is imposed because demand and supply will be less elastic in the first year than in the eighth year.
Refer to the table. Suppose that Libra decided to import more U.S. products. We would expect the quantity of libras:
Answer the question on the basis of the following table, which indicates the dollar price of libras, the currency used in the hypothetical nation of Libra. Assume that a system of freely floating exchange rates is in place.
A. demanded at each dollar price to rise and the dollar to depreciate relative to the libra.
B. demanded at each dollar price to fall and the dollar to appreciate relative to the libra.
C. supplied at each dollar price to rise and the dollar to appreciate relative to the libra.
D. supplied at each dollar price to fall and the dollar to depreciate relative to the libra.