Which of the following is not a cost of taxes to taxpayers?
a. the tax payment itself
b. deadweight losses
c. administrative burdens
d. goods and services provided by the government
d
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Andre’s country is democratic, which means that it ______.
a. has lower than average population growth b. can grow its economy even without abundant natural resources c. could be wealthier or poorer than the overall world average d. usually enacts policies that are favorable to economic growth
Which of the following is the long-run outcome for monopolistic competition?
A) MR > MC. B) P > ATC > MC. C) P = ATC. D) P > ATC.
Refer to the information. If the price of product A is $0.50, the firm will realize:
Answer the question on the basis of the following information: Suppose 30 units of product A can be produced by employing just labor and capital in the four ways shown below. Assume the prices of labor and capital are $2 and $3 respectively.
A. an economic profit of $4.
B. an economic profit of $2.
C. an economic profit of $6.
D. a loss of $3.
Refer to the data. After the deposit of $10 billion of new currency, the maximum amount by which this commercial banking system can expand the supply of money by lending is:
Answer the question on the basis of the following consolidated balance sheet for the commercial banking system. Assume the required reserve ratio is 10 percent. All figures are in billions.
A. $9 billion.
B. $45 billion.
C. $36 billion.
D. $90 billion.