In the worst case scenario, the combined marginal tax rate of cash and in-kind programs combined could be equal to or greater than 100%
Indicate whether the statement is true or false
T
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Monopolistically competitive markets differ from perfectly competitive markets due to (i) the number of sellers. (ii) the barriers to entry. (iii) the product differentiation among the sellers
a. (i) only b. (iii) only c. (i) and (iii) only d. (ii) and (iii) only
Table 1.3 shows the hypothetical trade-off between different combinations of brushes and combs that might be produced in a year with the limited capacity for Country X, ceteris paribus.Table 1.3Production Possibilities for Brushes and CombsCombinationNumber of combsOpportunity Cost(Foregone brushes)Number of brushesOpportunity Cost (Foregone combs)J4 0NAK3 10 L2 17 M1 21 N0NA23 On the basis of Table 1.3, the highest opportunity cost for brushes in terms of combs is
A. 0.29 comb per brush. B. 0.50 comb per brush. C. 23 combs per brush. D. 0.10 comb per brush.
Which cause-and-effect chain would best explain the reason for a crowding-out effect? An expansionary fiscal policy:
A. decreases interest rates that decrease private investment spending. B. increases interest rates that decrease private investment spending. C. increases interest rates that increase private investment spending. D. decreases interest rates that increase private investment spending.
Why is it difficult to determine whether a country is dumping? Explain fully
What will be an ideal response?