For the CPI. the value of the index in the base year
A) always equals 100.
B) depends upon price and quantity that are constantly changing.
C) is always greater than 100.
D) depends upon what prices did the year before.
A
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Which of the following is the central bank of the United States?
A) Comptroller of the Currency B) Treasury Department C) Federal Reserve System D) Office of the Budget
Profits earned by subsidiary are taxed even if it is not repatriated to the parent company as dividends because they are considered as income for the parent company.
A. True B. False C. Uncertain
Market failures include all of the following EXCEPT
A. buyers pay for all the costs involved in the production of goods and services. B. negative externalities. C. positive externalities. D. public goods.
Some small, new industries are not as efficient as their more mature foreign competitors. The argument for protecting these industries from foreign competition is known as the
A. infant industry argument. B. unfair competition argument. C. antidumping argument. D. national security argument.