The wage rate is constant along a firm's labor demand curve
a. True
b. False
B
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In a country without foreign trade and no income taxes, if the government increases autonomous taxes by 1000 and the MPS is 0.1, then the initial or first round change in expenditures by all tax payers will be
A) a reduction equal to 1000. B) an increase equal to 1000. C) a reduction equal to 900. D) an increase equal to 900.
Because the United States has had substantial deficits in goods and services, it has also necessarily had surpluses in
a. the federal budget. b. the sales of assets. c. the sales of military goods. d. its gold supplies.
The price of sugar that prevails in international markets is called the
a. export price of sugar. b. import price of sugar. c. comparative-advantage price of sugar. d. world price of sugar.
Over the last decade, foreigners have been exercising
A. a declining influence over interest rates in the United States. B. an increasing influence over interest rates in the United States. C. about the same influence over interest rates in the United States.