Which of the following describes a surplus-enhancing transaction?
A. A firm lays off 25 workers in order to cut costs.
B. Your state government imposes a higher minimum wage than the one set by federal law.
C. A person pays $10.00 to buy a scoop of ice cream at a baseball game.
D. The Federal government taxes the wealthy to pay for programs to help the poor.
Answer: C
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If bonds with different maturities are perfect substitutes, then the ________ on these bonds must be equal
A) expected return B) surprise return C) surplus return D) excess return
The International Monetary Fund was founded in _____.?
Fill in the blank(s) with the appropriate word(s).
If the inflation rate is 3% and the nominal interest rate is 4%, then the real interest rate is around
A. 1%. B. 3%. C. 12%. D. 7%.
Why do we subtract import spending from total expenditures?
What will be an ideal response?