Direct taxes are levied on specific economic activities
a. True
b. False
Indicate whether the statement is true or false
False
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The three sources of private direct investment in developing nations are
A) bank loans, government loans, and Eurobond issues. B) bank loans, portfolio investments, and foreign direct investments. C) portfolio loans, IMF loans, and government loans. D) foreign direct investment, government loans, and Eurobond issues.
If a firm is producing 10 pizzas, and the price of a pizza = $3.50, the AFC = $.80, and AVC = $3.00, then the firm is
a. earning a profit of $.80 per pizza b. earning a total profit of $8.00 c. losing $.30 per pizza d. losing a total of $6.00 e. earning a profit of $.50 per pizza
Governments can grant private property rights over resources that were previously viewed as public, such as fish or elephants. Why would governments want to do so?
a. to prevent overuse b. to decrease taxes c. to fight poverty d. to increase consumption
Using the rule of 72, determine how long it would take for real GDP to double if it grew at a constant growth rate of 8 percent.
A. 8 years. B. 9 years. C. 576 years. D. 72 years.