As the U.S. price level increases, expenditures by which of the following will remain unaffected?
A. Consumers
B. Businesses
C. Government
D. The rest of the world
C. Government
You might also like to view...
The problem of getting an accurate reading on current economic developments is known as the
A) data problem. B) recognition lag. C) impact lag. D) information problem.
Which of the following is a direct tax?
a. excise tax b. tax on corporate profits c. property tax d. sales tax
The nature of a firm's cost (fixed or variable) depends on the
a. firm's revenues. b. time horizon under consideration. c. price the firm charges for output. d. explicit but not implicit costs.
An early application of anti-trust law, to force the breakup of one firm's vertically integrated control over every aspect of the production, processing, and distribution of an essential product, occurred in the
A. AT&T Case. B. Microsoft case. C. Napster case. D. Standard Oil case.