Which of the following is not considered as a unilateral transfer?
a. income earned from foreign investments
b. foreign aid
c. personal gifts to friends or family abroad
d. institutional charitable donations
e. government transfers to foreign residents
A
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An alternative approach is to raise taxes on gasoline and other fuels. What is the economic intuition of this policy?
To promote cleaner air, the federal government in the United States enacted tax incentives for purchasing new electric vehicles or clean-fuel vehicles. These were scheduled to be phased out over time.
Recall the Application. If country A has a lower overall income tax rate than country B, and labor can freely and easily move between the two countries, ________ in country B will tend to ________
A) labor supply; decrease B) labor demand; decrease C) labor demand; increase D) labor supply; increase
Which of the following is NOT a responsibility of the Board of Governors?
A) approving bank mergers B) determining permissible activities for bank holding companies C) carrying out open market operations D) setting the salaries of the presidents and officers of district banks
Monitoring a manager can be difficult if
A) the owner and manager do not have an enforceable contract. B) the owner cannot easily observe the manager's actions. C) the manager doesn't have to use a time clock. D) the board does not have enough outside directors.