How much is the tax?
A. $1.35
B. $1.65
C. $2.00
D. $4.00
D. $4.00
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How are most fundamental economic decisions now determined in China?
A) The government decides because China is a centrally planned economy. B) Individuals, firms, and the government interact in a market to make these economic decisions. C) The United Nations decides because China is a developing economy. D) These decisions are made by the country's elders who have had much experience in answering these questions.
Refer to the above figure. In the absence of a subsidy,
A) Qd would be demanded and QM would be supplied. B) the price Pd would be charged and quantity QM demanded. C) the quantity Qo and price Po would prevail in the market. D) None of the above is correct.
When employers discriminate, they: a. may believe that they have sound economic reasons for doing so. b. may pay the price in lost earnings and productivity
c. may subject themselves to civil action. d. may be characterized by all of the above.
The expected effects of monetary expansion are
A. lower real interest rates. B. exchange rate depreciation. C. higher inflation. D. All of these responses are correct.