Raising taxes on gasoline __________ the price of gasoline and __________ the number of gallons purchased.
Fill in the blank(s) with the appropriate word(s).
raises; lowers
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The central bank which is generally regarded as the most independent in the world because its charter cannot be changed by legislation is the
A) Bank of England. B) Bank of Canada. C) European Central Bank. D) Bank of Japan.
Higher prices
a. are always against the public interest. b. may sometimes serve the public interest. c. should never be allowed. d. occur automatically for abundant goods.
Among the disadvantages of financing through stock is that
a. the issuance of bonds or commercial paper provides a predictable fixed cost for repayment in contrast to stocks, which represent a stake in the company's future profits b. the costs associated with issuing stocks and all ancillary activities can make issuing common stock more inexpensive than issuing preferred stocks or debt instruments c. all investors see issuing new stock as a negative sign that the company has to sell more of itself in order to survive d. all of these e. none of these
In the long run, firms in a monopolistically competitive market
A) usually earn positive economic profits. B) always earn monopoly profits. C) usually earn economic losses. D) earn zero economic profits.