Which of the following is a way of controlling the quantity of a particular product?
A. rent control
B. price floor
C. business licenses
D. Either rent control or price floor is correct.
Answer: C
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The financial account is defined as
A) the value of the country's net sales of assets. B) the sum of net exports, net income received from investments abroad, and net transfers abroad. C) the sum of gross income received from investments abroad and as net transfers abroad. D) net transfers abroad.
A European option can only be exercised on the final day, the expiration date
Indicate whether the statement is true or false
Which of the following would indicate that a tax is regressive?
a. High-income people pay $5,000 . low-income people pay $2,000. b. High-income and low-income people pay $200 each. c. High-income people pay 20 percent of their income in taxes; low-income people pay 10 percent. d. Both high-income and low-income people pay 10 percent of their income in taxes. e. Low-income people are exempt from the tax.
The Fed's efforts to attain full employment are complicated by
a. the persistence of cyclical unemployment b. the instability of the inflation rate c. new legislation that attempts to avoid financial panics d. the difficulty of determining what normal unemployment means e. conflicting objectives among its member banks