A lump-sum tax is a(n) ________
A) progressive tax
B) regressive tax
C) proportional tax
D) ordinal tax
B
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______________—a term referring to the extremely elastic situation of demand or supply where quantity changes by an infinite amount in response to any change in price; it is horizontal when graphed.
a. Infinite elasticity b. Zero elasticity c. Constant unitary elasticity d. Perfect inelasticity
If a U.S. resident purchases a foreign bond, her transactions are included
a. in the U.S. supply of loanable funds and the supply of dollars in the market for foreign-currency exchange. b. in the U.S. supply of loanable funds and the demand for dollars in the market for foreign-currency exchange. c. in the U.S. demand for loanable funds and the supply of dollars in the market for foreign-currency exchange. d. in the U.S. demand for loanable funds and the demand for dollars in the market for foreign-currency exchange.
Which question is an illustration of a macroeconomic question?
A. Is a corporation unresponsive to the demands of its customers? B. Is a consumer boycott an effective means of reducing a product's price? C. How will the government's budget deficit be affected by public infrastructure projects? D. Are oil companies ripping off consumers by charging exorbitantly high prices for gasoline?
What is the primary reason exchange rates were overvalued under ISI?
What will be an ideal response?