If an excise tax is imposed on steak,
a. the government's tax revenue will decrease
b. the government's tax revenue will increase
c. the amount of steak produced and sold will increase
d. the market price of steak will decrease
e. the market price will rise but the market quantity will be unaffected
B
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A decrease in United States net foreign direct investment would occur if
A) net capital flows increase. B) net foreign investment decreases. C) U.S. citizens have decreased the value of foreign stocks and bonds they own. D) U.S. citizens have decreased their building or purchasing of facilities in foreign countries.
An open market purchase, a decrease in the discount rate, and a decrease in the reserve requirement would shift the aggregate demand curve rightward
Indicate whether the statement is true or false
Based on the graphs showing price discrimination in movie ticket prices, if the theatre charges $11 per ticket at the evening show, it will ______.
a. maximize profits
b. sell too many tickets
c. sell too few tickets
d. sell no tickets
You own 10000 bu of wheat in Chicago. You would make the greatest loss if which of the following occurred very quickly?
A. The wheat was hedged and cash price rose $0.50/bu while your basis weakened by $0.15/bu B. The wheat was unhedged and cash price fell by $0.10/bu C. The wheat was hedged and cash price fell $1.00/bu and your basis strengthened by $0.15/bu D. There were no gains in any of the above