Ann Trepreneur was formerly a landlord, renting her building for $1,200 a month. She now uses her building for her own florist shop. Pick the true statement
A) The building costs Ann $1,200 per month.
B) Ann incurs no opportunity cost on the building.
C) Ann uses the building as a free good.
D) None of the above is true.
A
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Happy Cows contractually requires distributors who purchase Happy Cows' milk to also purchase Happy Cows' cream. The legality of the practice will be evaluated under Section ________ of the Clayton Act.
A) 7 B) 8 C) 2 D) 3
If a nation imposes a tariff on imports, the portion of the tax paid by citizens depends upon
A. elasticity of demand. B. elasticity of supply. C. how important the good is. D. income elasticity. E. cross elasticity of demand with domestic products.
How does policy forward guidance influence the economy and inflation?
What will be an ideal response?
Suppose the federal government implemented a flat tax to replace the income tax, and the flat tax saved taxpayers a total of $5 billion. A tax change such as this could be viewed as an example of the federal government implementing
A) contractionary monetary policy. B) contractionary fiscal policy. C) expansionary monetary policy. D) expansionary fiscal policy.