The Mayor of Stuckeyville is considering increasing the tax on bowling. He is confident that tax revenues will increase but recognizes the possibility that they may decrease. The mayor is engaging in
A) dynamic tax analysis.
B) static tax analysis.
C) a policy that will cause the tax base to increase.
D) a policy that will cause the tax base to remain unchanged.
Answer: A
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In 1947, which of the following activities were not made illegal for labor unions to do?
a. Coerce employees who are working at a firm to join a union b. Discriminate against employees c. Encourage employees to engage in a strike to force one employer to cease doing business with another employer d. Collect membership dues
The Herfindahl index would be 5000 if the only two firms in an industry have equal market shares
a. True b. False
One country has a comparative advantage over another country in the production of a good if it
A) has a curved production possibilities curve and the other country has a linear production possibilities curve. B) has a linear production possibilities curve and the other country has a curved production possibilities curve. C) is a lower opportunity cost producer of the good. D) has lower fixed costs than the other country.
Which agency lends money to countries to help them stabilize their exchange rates?
A. the World Bank B. the United Nations C. the Federal Reserve D. the International Monetary Fund