Which economic system is usually associated with government ownership of the means of production and central planning?
A. Communism
B. A market system
C. Fascism
D. Capitalism
A. Communism
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The tax incidence depends on whether the tax is levied on buyers or sellers
a. True b. False Indicate whether the statement is true or false
Suppose a bottle of wine produced in France sells for 35 euros. If the exchange rate between euros and dollars is €1 = $1.30, how much will an American pay for the bottle of wine in America?
A. $130.00. B. $26.92. C. $45.50. D. $35.00.
All other things unchanged, why does an increase in money demand cause the aggregate demand curve will shift to the left?
A) Because the resulting increase in bond prices reduces consumption spending. B) Because the resulting decrease in bond interest rate will lead to an increase in the quantity of investment and net exports. C) Because the resulting higher interest rate will lead to a lower quantity of investment and net exports. D) Because the resulting lower interest rate will lead to lower net exports.
Which of the following would be considered an example of structural policy?
A. An attempt to reduce the government budget deficit by reducing spending. B. Provision of additional cash to the banking system. C. A reduction in income tax rates. D. A decision by a developing country to reduce government control of the economy and to become more market-oriented.