If two variables are directly related, the relationship will have a graph that:
A. Is a straight line
B. May either be upward-sloping or downward-sloping
C. Is an upward-sloping line
D. Is horizontal
Answer: C
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Low interest rates will persuade corporations to invest more right now.
Answer the following statement true (T) or false (F)
Due to loss of competitiveness brought on by appreciation of the exchange rate and the high production costs, U.S. government reduce the export (or limit the supply of domestic producers) by imposing an export quota of 20 billion units per year. What happens to U.S. price of semiconductors, the quantity of semiconductors bought by U.S. people, and the quantity of semiconductors exported? [hint: use equation to calculate the equilibrium]
Due to loss of competitiveness brought on by appreciation of the exchange rate and the high production costs, U.S. government reduce the export (or limit the supply of domestic producers) by imposing an export quota of 20 billion units per year. What happens to U.S. price of semiconductors, the quantity of semiconductors bought by U.S. people, and the quantity of semiconductors exported? (hint: use equation to calculate the equilibrium) (3 marks)
If the Fed buys a U.S. Treasury bill from a member of the public, the banking system has
A. less reserves and the money supply tends to fall. B. more reserves and the money supply tends to fall. C. less reserves and the money supply tends to grow. D. more reserves and the money supply tends to grow.
What are the basic differences between public choice theory and the economics of taxation?
Please provide the best answer for the statement.