The federal government
A. is the largest taxing entity in the country.
B. is only concerned with international issues.
C. spends heavily on net interest.
D. all of these answer options are correct.
A. is the largest taxing entity in the country.
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If a bank has excess reserves of $20,000 and demand deposit liabilities of $80,000, and if the reserve requirement is 20 percent, then the bank has total reserves of
A) $16,000. B) $20,000. C) $26,000. D) $36,000.
The objective of the Doha (Qatar) Round of trade negotiations was to
a. increase tariffs on oil products. b. place quotas on agricultural imports to the Middle East. c. lower trade barriers between countries of varying prosperity. d. put technical barriers on intellectual property.
In the above figure, if the firm is producing at Q3 and charging a price of P3, it should
A. increase output and decrease price. B. decrease output and increase price. C. not change output or price. D. shut down.
Clean air and clean water are considered normal goods by economists, so as countries get richer, they want to consume more of these goods.
Answer the following statement true (T) or false (F)