If we compare the United States to France, the U.S. tax wedge is ________ the French tax wedge
A) smaller in the labor market and larger in the goods market than
B) equal to
C) not comparable to
D) larger than
E) smaller than
E
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An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease
Leontief explained his findings by arguing that U.S. labor is more efficient than their foreign counterparts
Indicate whether the statement is true or false
The cross-price elasticity of demand between two goods that are substitutes can never be:
A. negative. B. less than one. C. positive. D. greater than one.
____________ also known as cash cards are computerized banking transactions where money is removed directly from your account
a. Credit cards
b. Debit cards
c. Smart cards
d. Access cards