If protective import-restricting quotas are imposed by a country, all of the following groups benefit EXCEPT
A. domestic producers in the affected industry.
B. importers that are able to obtain the rights to sell imported items in the affected industry.
C. employees of domestic producers in the affected industry.
D. domestic consumers in the affected industry.
Answer: D
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Suppose you use your debit card to buy soda from a soda machine. Which of the following is true regarding the transaction?
A) The debit card is not money; it's only an instruction to make a loan. B) The debit card is money; your use reflects the exchange of a good. C) The debit card is not money; its use is only a tool to cause money to move from your account. D) Your use makes the debit card money, as funds are transferred between your account and the machine owner. E) Using the debit card is like using a check and is, therefore, money.
Suppose a poverty program has a basic benefit of $12,000, zero deductions, and a marginal tax rate of 0.80. The breakeven level of income is
A. $9,600. B. $2,400. C. $15,000. D. $12,000.
Which of the following is the best example of a perfectly competitive market?
a. automobiles b. postal service c. disk operating system software d. milk e. breakfast cereals
Purchasers of corporate bonds lend money to a corporation
a. True b. False Indicate whether the statement is true or false