A monopsony is a market situation in which there is only one buyer.
Answer the following statement true (T) or false (F)
True
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Other things remaining the same, the U.S. interest rate differential increases if the U.S. interest rate
A) rises and foreign interest rates remain constant. B) falls and foreign interest rates remain constant. C) falls and foreign interest rates rise. D) remains constant and foreign interest rates rise.
If the nominal interest rate is 4 percent and the anticipated inflation rate is 6 percent, then
A) the real interest rate is -10 percent. B) the real interest rate is 10 percent. C) the real interest rate is -2 percent. D) the real interest rate is 2 percent.
The Condorcet voting paradox demonstrates that democratic outcomes do not always obey the property of
a. narrowness of preferences. b. concavity of preferences. c. asymmetry of preferences. d. transitivity of preferences.
Another name for a "flat-rate tax" in which the same tax rate applies to all income earners is a
A. proportional tax. B. regressive tax. C. passive tax. D. progressive tax.