The emergence of English as the de facto world language ________ a comparative advantage in the production of books, movies and popular music.
A. has given all countries
B. has given non-English-speaking countries
C. has no effect on which country has
D. has given English-speaking countries
Answer: D
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Everything else held constant, a decrease in marginal tax rates would likely have the effect of ________ the demand for municipal bonds, and ________ the demand for U.S. government bonds
A) increasing; increasing B) increasing; decreasing C) decreasing; increasing D) decreasing; decreasing
A flat tax
A. Includes multiple tax brackets. B. Encourages economic activity through deductions and credits. C. Is a single-rate tax system. D. Includes many tax loopholes.
Which is the best summary of this graph?
a. An increase in demand eventually leads to higher equilibrium price and quantity.
b. An increase in demand leads to a shift in the supply curve.
c. A higher equilibrium price and quantity leads to an increase in the quantity supplied.
d. An increase in demand eventually leads to lower equilibrium price and quantity.
For movements along the long-run aggregate supply curve...
What will be an ideal response?