A $10 fee to obtain a driver's license is a
a. regressive tax.
b. degressive tax.
c. proportional tax.
d. progressive tax.
a
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The reference base period that the BLS uses to measure the CPI is
A) 1998-2000. B) 2005. C) 1967-1969. D) 1982-1984. E) 1993-1995.
Failure to account for the increased transportation costs that would result from building fewer and more centrally located production facilities could result in firm managers selecting a scale of operation that is larger than the optimum
Indicate whether the statement is true or false
If a 10 percent increase in the price of gasoline results in a 2 percent decrease in the quantity demanded of gasoline, then the elasticity of demand for gasoline is:
a. equal to 0.2 and demand is inelastic. b. equal to 0.2 and demand is elastic. c. equal to 0.02 and demand is elastic. d. equal to 0.5 and demand is inelastic. e. equal to 0.5 and the demand is elastic.
Which of the following would most likely cause a nation's currency to depreciate?
a. an increase in domestic real interest rates b. an increase in exports coupled with a decline in imports c. an increase in the nation's inflation rate d. a balance of trade surplus