If a U.S. dollar exchanges for 0.6 English pounds, the dollar price of a pound is
a. $0.60.
b. $1.50.
c. $1.67.
d. $1.75.
C
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Using the above table, evaluate whether this tax is proportional, regressive or progressive. Show all work in arriving at your answer
What will be an ideal response?
Suppose the nation's price level rises as a result of an increase in aggregate demand and a decrease in aggregate supply which leaves output unchanged. If the Fed is required to follow a rule that stabilizes the price level, what will the Fed do to the money supply and what impact will this have on total output in the economy?
In the early 1900s, Henry Ford revolutionized the automotive manufacturing industry by instituting the assembly line. What impact did the assembly line method for producing automobiles have on the per-worker production function for Ford?
Loans are examples of a bank's:
A. assets. B. liabilities. C. net worth. D. balance sheet.