Figure 18-2
Figure 18-2 shows the widget market before and after an excise tax is imposed. The revenue collected by the tax is ____.
A. $8,000
B. $50,000
C. $100,000
D. $150,000
Answer: C
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A. an unemployed individual leaves the labor force and then returns. B. an individual is continuously unemployed. C. the unemployment rate exceeds 15 percent. D. the unemployment rate is less than 10 percent.
A Eurocurrency is a
A) bank account denominated in a currency other than the nation in which the deposit is located. B) bank account in the eurozone. C) bank account denominated in euros in the EU. D) bank account located in England.
When the owners of a company hire full-time executives to make the day-to-day decisions, this __________ the __________ problem
A) alleviates; stockholder-lender B) alleviates; manager-stockholder C) exacerbates; stockholder-lender D) exacerbates; manager-stockholder
Refer to the graph shown. From 1929 to 1933 the money supply fell in the United States by 40 percent. The effect of this on the AD curve is best shown by a movement from:
A. A to B. B. A to C. C. A to D. D. B to A.