Of the following, which is the largest source of government funds in the long run?
A. government borrowing
B. money creation
C. taxation
D. user fees
Answer: C
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In the short-run, a tax increase
A) shifts the DD curve to the right, increases output and appreciates the currency. B) shifts the AA curve to the left, increases output and depreciates the currency. C) shifts the AA curve to the left, decreases output and depreciates the currency. D) shifts the AA curve to the left, increases output and appreciates the currency. E) shifts the DD curve to the left, decreases output and depreciates the currency.
What are the main differences between cash transfer payments and payments in-kind? Excluding paternalistic justifications, is one generally preferable to the other? Why or why not?
What will be an ideal response?
According to the information contained in the table, Brazil has an absolute advantage in
A. coffee, while Columbia has an absolute advantage in hot dogs.
B. both coffee and hot dogs.
C. neither coffee nor hot dogs.
D. hot dogs, while Columbia has an absolute advantage in coffee.
When the quantity demanded and quantity supplied in a market are equal, the market is said to be in
a. excess demand. b. equilibrium. c. excess supply. d. fixation.