There is public dissaving if
A) G + TR > T.
B) G + TR < T.
C) TR > G + T.
D) TR < G + T.
Answer: A
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The differential taxation of inputs does not create an excess burden.
A. True B. False C. Uncertain
Assuming QF is the full employment equilibrium then a shift from AD1 to AD2 in Figure 11.2 will
A. Eliminate the GDP gap. B. Cause significant inflation. C. Worsen the existing unemployment problem. D. Reduce, but not close, the GDP gap.
All decisions involve opportunity cost.
Answer the following statement true (T) or false (F)
Your U.S.-based company is selling parts to a company in Bangladesh. If you require payment in US$
A) the Bangladeshi company bears the exchange rate risk. B) your company bears the exchange rate risk. C) the companies share in the exchange rate risk. D) there is no exchange rate risk.