The increase in the price of sugar created by the tariff will lead domestic consumption to fall by ________ tons per year, compared to when the economy is open without the tariff.
A. 30
B. 20
C. 40
D. 10
Answer: B
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Taxable income is
A. Adjusted Gross Income - Exemptions. B. Adjusted Gross Income - Exemptions - Deductions - Credits. C. Adjusted Gross Income - Exemptions - Deductions. D. Adjusted Gross Income - Exemptions - Deductions - Credits - Taxes Withheld.
The dominance of banks in Germany comes at the expense of __________ markets there
A) securities B) government bond C) consumer borrowing D) foreign exchange
The price of a new textbook increases from $120 to $160, while the price of used copies of the textbook increased from $80 to $100. Other things being equal, we would expect
A) the quantity demanded of the used textbook to increase and the quantity demanded of the new textbook to decrease. B) the quantity demanded of both to fall. C) the demand for the new textbook to increase and the demand for the used textbook to decrease. D) the quantity demanded of the used textbook to decrease and the quantity demanded of the new textbook to increase.
In the upward-sloping segment of the aggregate supply curve,
a. when GDP increases, the price level rises. b. when GDP increases, the price level does not change. c. when GDP decreases, the price level rises. d. when GDP increases, the price level falls. e. there is no relationship between changes in GDP and changes in the price level.