The most common form of tariff is a countervailing duty
Indicate whether the statement is true or false
FALSE
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Use the following figure to answer the next question.
If box E represents government, box D the resource market, and box B the product market, then flows (5) and (7) represent
A. goods and services. B. net taxes. C. resources. D. government expenditures.
The marginal propensity to consume is:
a. the change in income divided by the change in consumption. b. consumption spending divided by income. c. income divided by consumption spending. d. the change in consumption divided by the change in income. e. the change in consumption divided by income.
If U.S. securities pay 6 percent interest, and if Great Britain’s securities pay 8 percent interest, then
A. pounds depreciate relative to dollars. B. pounds appreciate relative to dollars. C. Great Britain’s imports will fall. D. Great Britain’s exports will rise.
As a firm hires more workers, holding the amounts of capital and other inputs constant,
A. output increases at a decreasing rate. B. output increases at an increasing rate. C. output increases at a constant rate. D. output increases, but we can't be certain whether output increases at an increasing or a decreasing rate.