When motorcycles are taxed and sellers of motorcycles are required to pay the tax to the government,

a. the quantity of motorcycles bought and sold in the market is reduced.
b. the price paid by buyers of motorcycles decreases.
c. the demand for motorcycles decreases.
d. there is a movement downward and to the right along the demand curve for motorcycles.


a

Economics

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Under a flexible exchange rate system an increase in the value of a currency relative to other currencies is a called a ________ and under a fixed exchange rate system an increase in the official value of a currency is called a ________.

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Economics

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Which of the following makes the official measure of unemployment in the U.S. an understatement of actual unemployment?

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Economics