The purpose of the ________ was to discourage imports and encourage exports, and thus keep the price of food high.
A. Banana Tax
B. Sugar Legislation
C. Corn Laws
D. Soybean Wars
Answer: C
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The tax incidence of a specific tax or ad valorem tax is influenced by
A) who pays the tax. B) the amount of the tax. C) the price elasticities of supply and demand. D) All of the above.
Companies most likely use the foreign-exchange market to ________.
A) diversify their expenses from other sources B) convert money for use in financial transactions C) increase their presence on the black market D) acquire currency from emerging markets
In a market economy, the real power in the market place is held by the
a. producer b. seller c. government d. consumer
Considering leverage, can you explain why a mortgage lender would want borrowers to have larger down payments, and when the borrower doesn't the mortgage lender may require mortgage insurance?
What will be an ideal response?