On average professors of finance earn more than professors of economics. Other things the same, what does this imply about the supply of each type of professor?
This implies the supply of professors of economics is larger than the supply of professors of finance relative to demand.
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What are the crucial factors that contribute to famine?
What will be an ideal response?
An inflation-induced increase in the effective tax rate on interest income and capital gains results in
a. a leftward shift of the saving schedule. b. a rightward shift of the saving schedule. c. no shift of the saving schedule. d. a rightward shift of the investment schedule.
In the classical model with an open economy, an increase in government purchases can affect a country's exchange rate, causing its imports and exports to change
a. True b. False
When one examines the nature of a tax in relation to the incomes of people paying the tax, it is possible to
a. calculate aggregate impact b. determine relative burden c. identify poll tax levels d. determine corporate responsibility e. find customs duties