A tax levied on imported goods is called a(n):
a. excise tax. b. quota.
c. foreign profits tax. d. tariff.
d
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The more excess reserves banks choose to keep
A) the lower the required reserve ratio. B) the smaller the deposit multiplier. C) the larger the deposit multiplier. D) the higher the required reserve ratio.
Torrie is thinking of starting up a small business selling hand-painted wine glasses. She is considering setting up her business as a corporation. What is one advantage to Torrie of setting up her business as a corporation?
A) By setting up the business as a corporation, Torrie would not face double taxation. B) By setting up the business as a corporation, Torrie would have the ability to share risk with shareholders. C) By setting up the business as a corporation, Torrie would have both ownership and control over the business. D) All of the above would be advantages of setting up her business as a corporation.
Explain why the economic analysis of monopolistic competition is so complex
What will be an ideal response?
Stagflation can be described as a:
A. Shift right in the aggregate supply curve B. Shift left in the aggregate supply curve C. Period of stable prices and high unemployment D. Period of rising prices and low unemployment