With limited exceptions, all Israeli citizens over the age of 18 are required to serve in the Israeli military. This is an example of
A) compulsory volunteerism.
B) coalition building.
C) bargaining.
D) eminent domain.
A
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Other things constant, a ________ price ________ quantity demanded
A) higher; increases B) lower; increases C) higher; decreases D) lower; decreases E) both B and C above.
Refer to Table 16-3. Suppose Julie's marginal cost of providing this service is constant at $7 and she charges $7 per hour. What is her marginal revenue?
A) It is $7 for the first hour and starts increasing thereafter. B) It is constant at $7. C) It coincides with the figures in the table; $12 for the first hour, $10 for the second, $9 for the third, and $8 for the fourth. D) It is $7 for the first hour and starts declining thereafter.
Taxes cause:
a. Market distortions b. Reduce incentives to work c. Decrease wealth creating transactions d. All of the above
An advantage of fixed exchange rates for a country that suffers from bouts of high inflation is:
A. it makes imports less expensive. B. it unties policymakers' hands so they can alter the reserves of the banking system as needed. C. policymakers will have increased control over domestic interest rates. D. it establishes a credible low inflation policy.