Liz has a comparative advantage in ________ and an absolute advantage in ________
A) smoothies only; both goods
B) salads only; salads only
C) both goods; both goods
D) salads only; both goods
E) smoothies only; smoothies only
A
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Which of the following would be most likely to induce Congress and the president to conduct expansionary fiscal policy? A significant
A) increase in net exports. B) decrease in investment spending. C) decrease in oil prices. D) increase in consumption spending.
What are some disadvantages of debt cards?
a. Debit cards do not immediately draw on your bank account. b. More difficult to dispute a bill before payment. c. Cannot stop payment after you have paid for the item d. Both B and C are disadvantages of debit cards.
Figure 4-20
Refer to . Suppose the same S and D curves apply, and a tax of the same amount per unit as shown here is imposed. Now, however, the sellers of the good, rather than the buyers, are required to pay the tax to the government. Now, relative to the case depicted in the figure,
a.
the burden on buyers will be larger and the burden on sellers will be smaller.
b.
the burden on buyers will be smaller and the burden on sellers will be larger.
c.
the burden on buyers will be the same and the burden on sellers will be the same.
d.
The relative burdens in the two cases cannot be determined without further information.
What is a disadvantage of operating a sole? proprietorship?
A. Single layer of taxation B. Simplicity C. Flexibility and control D. Privacy E. Finite life span