The benefits from free trade are not evenly distributed throughout an economy t/f
a. true
b. false
a. true
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What is a repurchase agreement?
What will be an ideal response?
The government imposes a unit excise tax on bubble gum. What happens as a result?
A) The equilibrium quantity of bubble gum increases. B) At the original market price, there will be a bubble gum surplus so price decreases. C) At the original market price, there is a bubble gum shortage and so price rises. D) There will be no change in either the market price or equilibrium quantity as long as the excise tax rate is 5 percent or less.
The CPI is used
a. to estimate from estimated to actual values b. to translate from real to nominal values c. to translate from nominal to real values d. as a policy target e. c and d
The payroll tax appears to be a proportional tax. In reality it is
a. highly progressive. b. actually proportional. c. highly regressive. d. regressive on low-income persons and progressive on high-income persons.