The federal gasoline tax is an example of:
A. a specific tax.
B. an ad valorem tax.
C. a lump sum tax.
D. an income tax.
A. a specific tax.
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When consumption expenditure is ________ disposable income, saving is ________
A) greater than; positive B) equal to; positive C) less than; positive D) less than; negative E) equal to; negative
If the consumption of a good decreases the quantity available for another person, the good is rival
Indicate whether the statement is true or false
In the dictator game:
A. one player (the dictator) divides a fixed prize between himself and another player (the recipient) who is an active participant. B. one player (the dictator) divides a fixed prize between himself and another player (the recipient) who is an passive participant. C. one player (the dictator) must keep a fixed prize all to himself. D. one player (the dictator) must give all of a fixed prize to another player (the recipient) who is a passive participant.
Which of the following would be a debit in the U.S. balance of payments?
a. the purchase of air service from a U.S. airline by a Japanese traveler b. the purchase of a German car by an American c. a short-term loan to a Japanese manufacturer by a U.S. bank d. the purchase of U.S. grain by a Japanese firm