Suppose there is an increase in expected future taxes. This will cause which of the following to occur?
A) the IS curve to shift left in the current period
B) the IS curve to shift right in the current period
C) the LM curve to shift up in the current period
D) the LM curve to shift down in the current period
A
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If a nation has GDP of $12,500 billion and GDP per capita of $62,500, what is the nation's population?
A. 200 million. B. 625 million. C. 180 million. D. 230 million.
Joe fishes for swordfish at a cost of $6 per ton. Ronny fishes at a cost of $4 per ton. Both have one 1000 ITQ and the current market price is $10 per ton. If Joe sold his ITQ to Ronny for $7000, he and Ronny would:
A. Make the sale because they're both better off B. Not make the sale because Joe is better off and Ronny is not C. Not make the sale because Ronny is better of and Joe is not D. Not make the sale because neither is better off
A tax that is imposed by the importing country when an imported good crosses its international boundary is called
A) an import quota. B) dumping. C) a voluntary export restraint. D) a tariff.
The difference between a firm's revenue and its operating expenses is the firm's operating income
Indicate whether the statement is true or false