An increase in U.S. imports from Switzerland increases the ________ for U.S. dollars and increases the ________ of Swiss francs.
A. supply; supply
B. supply; demand
C. demand; supply
D. demand; demand
Answer: B
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Which tax system requires higher-income taxpayers to pay a higher percentage of their income in taxes?
a. a progressive tax b. a proportional tax c. a regressive tax d. a lump-sum tax
TSA could sign up some _____________ people willing to pay for less hassle at airport security -- if they don't have to make an appointment to have fingerprints and IDs scanned
Fill in the blank(s) with the appropriate word(s).
If many firms producing similar products leave the market, the demand curve for existing firms producing this type of product will become ______.
a. more inelastic b. more elastic c. horizontal d. vertical
The net national debt is smaller than the gross national debt because
a. some debt is held by foreigners. b. some debt is held by U.S. citizens. c. some debt is held by government agencies. d. the government does not have to pay all of the debt.