The United States recently levied tariffs on tires imported from what country?
a. Japan
b. Brazil
c. Russia
d. China
Ans: d. China
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A development bank
(a) accepts deposits from the poor. (b) makes loans for industry expansion. (c) is an agency such as the World Bank. (d) all of the above. (e) none of the above.
Payments for loans by households to firms are known in aggregate accounting as:
A. employee compensation. B. rents. C. profits. D. interest.
South Korea suffered a destabilizing speculation in the late 1990s. This had the effect of ________ for the won. South Korean government tried to counteract this by raising interest rates which should have ________ the won.
A) decreasing demand; increased demand for B) decreasing the supply; increased supply of C) increasing demand; decreased demand for D) decreasing the supply; increased demand for
Which of the following statements is true?
A. Taxing the wealthy will lead to a more efficient economy. B. Taxing the poor will lead to a more equal distribution of income. C. A basic trade-off exists between the goals of equity and efficiency for a society. D. The forces of supply and demand will automatically lead to an equitable distribution of income.