As a tax becomes larger, it ______.
a. generates an even level of revenue
b. generates proportionately more revenue
c. becomes more efficient
d. becomes less efficient
d. becomes less efficient
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The Fed wants to keep the dollar at 0.80 euros per dollar. If the demand for dollars increases,
A) the Fed sells dollars to increase the supply of dollars and maintain the exchange rate. B) the Fed conducts persistent intervention on one side of the market. C) the Fed buys dollars to increase the supply of dollars and maintain the exchange rate. D) the Fed buys dollars to decrease the supply of dollars and maintain the exchange rate. E) the Fed sells dollars to decrease the supply of dollars and maintain the exchange rate.
Pumpkins are grown in New Mexico with the aid of fertilizer. Hence, fertilizer is a partial answer to which of the three economic questions?
What will be an ideal response?
One effect of the work requirements of welfare reform has been
a. to make the demand curve for welfare upward sloping b. to lower the "price" of welfare to recipients c. to make the supply curve of welfare upward sloping d. to reduce the amount of hassle involved with going on welfare e. to raise the "price" of welfare to the recipients
The main source of profit for financial institutions is: a. their ownership of stocks in commercial corporations
b. their ownership of real assets received in foreclosures on loans to households. c. the fees charged for holding and servicing checking accounts. d. the difference between interest paid on deposits and interest received on loans. e. the difference between the cost of creating new money and the interest paid on loans.