When a tax is imposed on a good or service, buyers respond only to the price that ________ the tax, and sellers respond to the price that ________ the tax
A) excludes; includes
B) includes; excludes
C) excludes; excludes
D) includes; includes
B
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A very high grade point average (GPA) is an example of ________.
A) asymmetric information B) a credible signal C) a credible trademark D) adverse selection
The problem of scarce resources
a. means that in some cities there are not enough jobs b. could be solved if the unemployment rate fell c. is that there are not enough resources to satisfy people's unlimited wants d. is that resources are used inefficiently e. can be solved by lowering taxes
Which of the following facilitates investor diversification by purchasing a range of stocks or bonds from different companies?
a. Mutual fund b. Financial intermediary c. Public company d. Investment banker
If disposable income rises by $100 billion, we can expect that consumers will
A. increase their saving by $100 billion. B. increase their spending by $100 billion. C. increase their spending by more than $100 billion. D. increase their spending by less than $100 billion.