A buyer values a house at $525,000 and a seller values the same house at $485,000 . If sales tax is 8% and is levied on the seller, then what would be the lowest price that the seller would be willing to sell at?
a. $527,000
b. $523,800
c. $525,000
d. $500,000
b
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The equilibrium wage in a local labor market is $10 per hour. If a minimum wage of $15 per hour is imposed, which of the following will occur?
A) There will be a decrease in the quantity of labor supplied by households. B) There will be an increase in unemployment. C) There will be an increase in the quantity of labor demanded by firms. D) All of the above will occur.
The government's $168 billion plan to stimulate the softening economy in 2008 failed partly because the tax cuts were temporary
a. True b. False Indicate whether the statement is true or false
Discuss the key criteria for success and the advantages of a central bank adopting the framework of inflation targeting.
What will be an ideal response?
Which of the following is not an obstacle to development?
A. Overpopulation B. Excessive investment C. Political instability D. Corruption