The points along the demand curve represent the maximum willingness of consumers to purchase a product
a. True
b. False
Indicate whether the statement is true or false
True
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An appreciation is
A) a decrease in the trade deficit. B) a decrease in the value of currency. C) an increase in the trade surplus. D) an increase in the value of currency.
In the Keynesian model, and expected increase in the interest rate
a. increases the demand for bonds and the demand for money. b. increases the demand for bonds and the demand for stocks. c. decreases the demand for bonds and increases the demand for money. d. increases the demand for bonds and decreases the demand for money.
Kim is paid $50,000 per year, and pays an annual income tax of 10 percent. Due to an inflation rate of 10 percent, her pay increases to $55,000, which puts her in a higher tax bracket where she must pay 20 percent. Kim has experienced:
A. bracket costs. B. the deflationary cost of tax distortion. C. an increase in her purchasing power. D. the inflationary cost of tax distortion.
Which of the following is an example of trade policy at the national level?
a. Congress passing legislation to prevent dumping. b. The European Union adopting a common currency c. The World Trade Organization holding a round of negotiations in France d. The U.S. International Trade Commission