Which of the following will increase economic freedom?
a. freedom to enter and compete in markets
b. high tariff rates
c. high taxes
d. rapid and unpredictable inflation
A
You might also like to view...
The price at which one currency exchanges for another currency is called the
A) foreign exchange rate. B) value of the dollar. C) currency exchange rate. D) net export exchange rate. E) money exchange rate.
A unit-elastic demand curve will be concave toward the origin .
Answer the following statement true (T) or false (F)
If a decrease in income leads to an increase in the demand for macaroni, then macaroni is
A) an inferior good. B) a necessity. C) a neutral good. D) a normal good.
Which of the following is true for a monopolist?
A) Being the only seller in the market, the monopolist faces the market demand curve. B) Being the only seller in the market, the monopolist faces a perfectly elastic demand curve. C) Being the only seller in the market, the monopolist faces a downward-sloping demand curve that lies below the marginal revenue curve. D) Being the only seller in the market, the monopolist faces a perfectly inelastic demand curve.