In 2014, the largest source of receipts for state and local governments was individual income taxes
a. True
b. False
Indicate whether the statement is true or false
False
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A country can control
A) its flexible exchange rate. B) monetary policy oriented toward domestic goals. C) international capital movements. D) foreign inflationary policies. E) and avoid risks in international trade.
If the price elasticity of demand (Ep) equals one in the short run, then, other things being equal, in the long run Ep will be
A) one. B) less than one. C) greater than one. D) indeterminate without more information.
Let's get our money supplies in their correct categories: M2 is equal to M1 plus
a. savings deposits, money market deposit accounts, small time deposits, and Eurodollars b. savings deposits, money market deposit accounts, money market mutual funds, and Eurodollars c. small time deposits, money market deposit accounts, money market mutual funds, and Eurodollars d. savings deposits, small time deposits, money market deposit accounts, money market mutual funds, and repurchase agreements e. money market mutual funds, money market deposit accounts, savings deposits, large time deposits, and repurchase agreements
In order to prosper, entrepreneurs must
a. undertake projects that create wealth and increase the value of resources. b. find ways to prevent technological change. c. have their own wealth with which to finance projects that they want to undertake. d. undertake projects that use resources that are more valuable than is the output they produce.