Due to a boom in the US, the average rate of return on investments is likely to rise causing the US dollar to
a. Appreciate
b. Depreciate
c. Not change in value
d. None of the above
a
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Which of the following is NOT correct about patents?
A) Patents encourage invention of new products. B) Patents stimulate innovation. C) A patent is a barrier to entry. D) Patents enable a firm to be a permanent monopoly. E) Patents are granted to the inventor of a product or service.
If the government increased defense spending by $1 million and laid off enough Justice Department employees to decrease the Department of Justice budget by $1 million, which of the following is the likely net effect?
a. An increase in the budget deficit and transfer payments b. An increase in the budget deficit and net taxes c. An increase in the budget deficit and government spending d. No change in the budget deficit because there is no net change in government spending e. No change in the budget deficit because neither defense spending nor the Department of Justice is included in government spending
Sellers of a good bear the larger share of the tax burden when a tax is placed on a product for which the (i) supply is more elastic than the demand. (ii) demand in more elastic than the supply. (iii) tax is placed on the sellers of the product. (iv) tax is placed on the buyers of the product
a. (i) only b. (ii) only c. (i) and (iv) only d. (ii) and (iii) only
The ticket price of zero for the viewing of a television show taping often results in a shortage of tickets which are frequently rationed on a first-come-first-served basis
Indicate whether the statement is true or false