Which of the following examples will most likely have consistent sales over time?
a. skillets
b. automobiles
c. sofas
d. chicken
d. chicken
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American businesses get their external funds primarily from
A) bank loans. B) bonds and commercial paper issues. C) stock issues. D) loans from nonbank financial intermediaries.
With its goal of high employment, the Fed attempts to
A) keep unemployment at its natural rate. B) keep the unemployment rate as close to zero as is possible. C) eliminate all but cyclical unemployment from the economy. D) maintain equal rates of frictional, structural, and cyclical unemployment.
If the government removes a $2 tax on buyers of cigars and imposes the same $2 tax on sellers of cigars, then the price paid by buyers will
a. not change, and the price received by sellers will not change. b. not change, and the price received by sellers will decrease. c. decrease, and the price received by sellers will not change. d. decrease, and the price received by sellers will decrease.
Which of the following is NOT true about a tariff?
A) It is a barrier to entry in a market. B) It leads to a natural monopoly. C) It is a tax. D) It affects imported goods.