One way for a less-developed country to break its cycle of poverty is to target the wealthy
a. True
b. False
A
You might also like to view...
If the government levies a $5 tax per MP3 player on buyers of MP3 players, then the price paid by buyers of MP3 players would likely
a. increase by more than $5. b. increase by exactly $5. c. increase by less than $5. d. decrease.
According to the above figure, the average propensity to save (APS) is zero at point
A. D. B. J. C. I. D. F.
If the price elasticity of supply of smartphones is constant and equal to 3, a 10 percent increase in price will result in a change in quantity supplied equal to
A. -30 percent. B. 3 percent. C. 30 percent. D. 33 percent.
If the Fed increases the money supply, there will initially be
A) a surplus of money and the equilibrium interest rate will rise. B) a surplus of money and the equilibrium interest rate will fall. C) a shortage of money and the equilibrium interest rate will rise. D) a shortage of money and the equilibrium interest rate will fall.