The purchase by a household in China of a CD produced in the United States is included in U.S
A) consumption expenditures. B) investment expenditures.
C) net exports. D) government purchases.
C
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When the Fed makes an open market purchase of government bonds, it does so with the intention of decreasing the money supply
Indicate whether the statement is true or false
Tax incidence is the actual division of the
A) tax revenues between the federal government and state governments. B) population into different tax brackets. C) burden of the tax between buyers and sellers in a market. D) tax revenues between government agencies.
Historians typically disagree with which of the following contentions from Time on the Cross?
(a) Slavery was profitable for Southerners and consequently resulted in wealth accumulation. (b) Slavery was on the verge of extinction on the eve of the Civil War. (c) Slave owners were moral and treated slaves with kindness and high standards. (d) Slave breeding and sexual exploitation were myths and slave sales rarely broke up slave families.
Consider a monopoly who posts an economic profit of $10,000,000. All else equal, this monopolist should expect
A) entry into its market, prices to fall, profits to fall. B) no entry into its market, prices to remain the same, profits to remain the same. C) exit from its market, prices to rise, profits to rise. D) entry into its market, the need to increase price, profits to remain the same.