An increase in demand is represented graphically by a rightward shift of the demand curve
Indicate whether the statement is true or false
TRUE
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Property rights that protect inventions are called
A) trademarks. B) copyrights. C) patents. D) exclusive franchises.
When a tax is imposed on a good or service, the
A) revenue gained by the government is the excess burden. B) deadweight loss that arises from a tax is the excess burden. C) share of the tax paid by the buyer is the excess burden. D) share of the tax paid by the seller is the excess burden. E) amount the government collects as tax revenue is the deadweight loss from the tax.
The Fed purchases $200 worth of government bonds from the public. The reserve requirement is 12.5 percent, people hold no currency, and the banking system keeps no excess reserves. The U.S. money supply eventually increases by
a. $25. b. between $200 and $300. c. $1,600. d. $2,500.
Capital tends to flow into markets earning short-run profits and out of markets suffering short-term losses.
Answer the following statement true (T) or false (F)