Related to the Economics in Practice on p. 512: In Santa Cruz, the red feathers of the Scarlet Honeyeater bird were used as currency. Using feathers to make a purchase would be using the feathers as a(n)
A. legal tender.
B. store of value.
C. unit of account.
D. medium of exchange.
Answer: D
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Which act of Congress extended the government's authority to block horizontal and vertical mergers?
a. Clayton Act. b. Sherman Antitrust Act. c. Celler-Kefauver Act. d. Robinson-Patman Act.
According to the Laffer curve, when the tax rate is 100 percent, tax revenue will be
a. 0 b. at a maximum c. the same as they would be at a 50 percent tax rate d. greater than they would be at a 50 percent tax rate e. the same as they would be at a 20 percent tax rate
After this short reminder at the top: write an essay discussing the economic impacts of the shock on Turkey's economy. In your article, discuss the effects of this economic shock on Turkish economy using the concepts of GDP growth, inflation, unemployment, money markets, interest rates, aggregate supply and aggregate demand. Use a narrative based on the economic theories we saw in the course. Connect your ideas to each other with a scientific background. Give policy suggestions to shorten the effect of this shock on Turkish economy. While giving the policies keep in mind and state the constraints that the Turkish economy currently facing. Articles that are not scientifically written or written on internet slogans may not bring you the points you want.
What will be an ideal response?
In 2017, corporate profits were about ____ percent of national income.
A. 7.2 B. 12.6 C. 25.3 D. 44.1