The supply of money in a country like the United States is controlled by the
A. International Monetary Fund.
B. World Bank.
C. central bank of the country.
D. political party in charge of the government of the country.
Answer: C
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Social Security taxes are paid by
A) employers only. B) employees only. C) both employers and employees. D) neither employers nor employees.
In order to maximise tax revenue, which of the following goods should the government choose to put a higher rate of VAT?
(a) St Bernard cornflakes with a PED value of -8.0. (b) Eggs with a PED value of -0.4. (c) Frozen vegetables with a PED value of -2.8. (d) Aldi milk with a PED value of -4.0.
If the instrumental variable estimator has an upward bias, the ordinary least square estimator always has a downward bias.
Answer the following statement true (T) or false (F)
A U.S. tariff on oil would reduce the domestic quantity of oil demanded.
Answer the following statement true (T) or false (F)