Which of the following shifts the aggregate demand curve rightward?
A) a decrease in government expenditure
B) expectations that future incomes will fall
C) a decrease in the quantity of money and an increase in interest rates
D) a tax cut
D
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Which of the following slogans use customer loyalty to sell its product?
a. You know these hamburgers are good, they're Wendy's. b. Wendy's Hamburgers, a new type of burger c. Treat yourself to the best burgers, eat at Wendy's d. Get the most for your money, eat Wendy's Hamburgers.
During spring break, students have an elasticity of demand for a trip to Florida of ?3. How much should an airline charge students for a ticket if the price it charges the general public is $360? Assume the general public has an elasticity of ?2.
A. $260 B. $250 C. $270 D. $240
Which of the following scenarios is consistent with the Laffer curve?
a. The tax rate is 1 percent, and tax revenue is very low. b. The tax rate is 1 percent, and tax revenue is very high. c. The tax rate is 99 percent, and tax revenue is very high. d. The tax rate is moderate (between very high and very low), and tax revenue is very low.
The country of Lessidinia has a tax system identical to that of the United States. Suppose someone in Lessidinia bought a parcel of land for 20,000 foci (the local currency) in 1960 when the price index equaled 100 . In 2002, the person sold the land for 100,000 foci, and the price index equaled 600 . The tax rate on nominal gains was 20 percent. Compute the taxes on the nominal gain and the
change in the real value of the land in terms of 2002 prices to find the after-tax real rate of capital gain. a. -60 percent b. -30 percent c. 30 percent d. 60 percent