If the government legislates policies that block imports of solar panels and gives domestic manufacturers a $5 billion-dollar tax subsidy, the benefits to the U.S. solar panel manufacturing and distribution industry will be very visible. The bearers of the cost of the tax subsidy _____.
a. are easy to identify
b. also fit this pattern of identifiable winners
c. will have their interests counterbalanced over time
d. are more anonymous
d. are more anonymous
The bearers of the cost of the tax subsidy are more anonymous.
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Which of the following represents the correct formula for present value?
A) Present value = Payment T periods from now × (1 + interest rate)T B) Present value = Payment T periods from now - (1 + interest rate)T C) Present value = Payment T periods from now + (1 + interest rate)T D) Present value = Payment T periods from now / (1 + interest rate)T
According to the aggregate demand-aggregate supply model, what is the short-run impact of a reduction in the money supply by the Fed?
A) Current output will fall, but the price level will rise. B) Current output will rise, but the price level will fall. C) Current output and the price level will both rise. D) Current output and the price level will both fall.
The key to a successful positive signal is that:
A. it is costly to fake. B. it is hidden information. C. it builds trust between the principal and the agent. D. All of these statements are true.
A commitment strategy can:
A. be used to change people's payoffs to gain cooperation. B. allow players to reach a mutually beneficial equilibrium that would otherwise be difficult to maintain. C. result in a positive-positive outcome. D. All of these statements are true.