It is ____ to identify an asset bubble before it bursts ____ to identify an asset bubble after it bursts
a. simple; and also simple
b. simple; but difficult
c. difficult; but simple
d. difficult; and also difficult
c
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When you arrive at the airport in Paris and go to the bank window to exchange dollars into euros, you are
A) selling euros to the French. B) avoiding the use of foreign exchange markets. C) contributing to U.S. exports. D) None of the above answers is correct.
Vertical equity in income taxation refers to the notion that persons with different levels of income should be taxed differently.
Answer the following statement true (T) or false (F)
If per capita GDP were distributed across the United States, each individual would receive:
A. Their current income divided by the U.S. population. B. The market value of final goods and services produced in the U.S. per year. C. The value of total world output divided by the population. D. The market value of final goods and services produced in the U.S. per year divided by the population.
When rent controls establish a legal maximum rental rate below the equilibrium rental rate
A. quantity supplied exceeds quantity demanded. B. supply exceeds demand. C. quantity demanded exceeds quantity supplied. D. demand exceeds supply.