The law of demand tells us that people will buy more of a good if
A) the price of that good decreases.
B) the prices of other goods decrease.
C) people's income increases.
D) every factor that can affect people's buying decisions changes.
A
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Which of the following is true of a first-price sealed-bid auction?
A) Bidders directly compete with each other. B) Bidders place their bids simultaneously. C) Bidders know each other's bids. D) Bidders always bid below their willingness to pay.
Exemptions are more desirable than deductions for a person in the 36% tax bracket.
A. True B. False C. Uncertain
In the foreign exchange market, a balance of payments deficit is represented by:
A) excess supply of dollars. B) excess demand for dollars. C) equilibrium in the foreign exchange market. D) none of the above.
The Earned Income Tax Credit was created in _____
a. 1970 b. 1975 c. 1982 d. 1991