Selling a good at a lower price in a foreign country than in the home country is an example of
a. an export subsidy.
b. dumping.
c. an export barrier.
d. None of these.
b. dumping.
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Refer to the above figure. A movement from B to D would be a result of
A) an increase in the quantity of money in circulation. B) an increase in the marginal income tax rate. C) an increase in labor productivity. D) an increase in government expenditures.
The problems of asymmetric information exchange arise ultimately because
a. one party to the exchange possesses different information than another b. one party has more information than another c. one party knows nothing d. one party cannot independently verify the information of another e. information is scarce
Which of the following probably has the highest start-up costs?
a. a restaurant belonging to a fast-food chain b. a feature-length motion picture production by a major studio c. a bookstore that specializes in travel books d. a theatrical production by a local theater group
A decrease in which of the following would decrease the tax wedge?
A) marginal tax rate B) money supply C) national debt D) federal budget deficit