The distances from Paris, France, to Frankfurt, Germany; Stockholm, Sweden; and Oslo, Norway, are about 400 miles, 450 miles, and 500 miles, respectively. Would you expect French trade to be greatest with Germany, Sweden, or Norway?
a. Germany
b. Sweden
c. Norway
d. Equal volumes of trade would be expected with each country.
Ans: a. Germany
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Based on data from 2016, which of the following countries has the lowest tax burden?
A. The United Kingdom B. The United States C. Italy D. Sweden
What is deadweight loss? When is deadweight loss equal to zero?
What will be an ideal response?
Which of the following is NOT a financial intermediary?
A. a savings and loan association B. commercial banks C. the Internal Revenue Service D. the Federal Reserve Bank of New York
Refer to the information provided in Figure 24.1 below to answer the question(s) that follow.
Figure 24.1Refer to Figure 24.1. The MPC in this economy is
A. 0.4. B. 0.5. C. 0.6. D. cannot be determined from the given information.