The United States has no comparative advantage in shipping, so a domestic shipping industry has no reason to exist
a. True
b. False
Indicate whether the statement is true or false
False
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Which of these is an example of a contractionary fiscal policy?
a. A decrease in the sales tax rate b. An increase in unemployment insurance c. An increase in the excise tax rate d. A decrease in import duty
Which of the following statements is not correct?
a. Fixed costs are constant. b. Variable costs change as output changes. c. Average fixed costs are constant. d. Average total costs are typically U-shaped.
Refer to the following table:
What is marginal benefit for the 3rd unit of the activity?
A. 115 B. 175 C. 180 D. 160 E. none of the above
You deposit $4,000 in currency in your checking account. The bank holds 20 percent of all deposits as reserves. As a direct result of your deposit, your bank will create
What will be an ideal response?