The ________ tax is similar to the sales tax
A) payroll
B) value-added
C) wealth
D) excise
B
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Accounting profit is equal to
A) total revenue minus dividends and interest. B) dividends paid. C) total revenue minus implicit costs. D) total revenue minus explicit costs.
An increase in the money supply will:
a. decrease both investment spending and aggregate demand. b. decrease investment spending and increase aggregate demand. c. decrease both consumption spending and aggregate demand. d. increase both investment spending and aggregate demand. e. increase investment spending and decrease aggregate demand
When governments grant patents:
A. producers earn profits that are substantially higher than would occur in a competitive market. B. consumers pay a higher price than they would in a competitive market. C. consumers are likely to pay lower prices than they would in a competitive market. D. both producers earn profits that are substantially higher than would occur in a competitive market and consumers pay a higher price than they would in a competitive market are correct.
Explain the role the Fed, Congress, and the President play in making monetary policy
What will be an ideal response?