The U.S. tax burden is high compared to many European countries
a. True
b. False
Indicate whether the statement is true or false
False
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Sharon purchases two products, X and Y, with a given fixed budget. The marginal utility she receives from the last unit of X she consumes is 60 utils, and the marginal utility she receives from the last unit of Y she consumes is 30 utils. The price of X is $2.00, and the price of Y is $1.00. Based on the equal marginal principle, these data suggest that Sharon
A. should buy more Y and less X. B. should buy less Y and X. C. should buy more X and less Y. D. is maximizing her total utility from the given fixed budget.
If Y = $500 billion, autonomous consumption = $300 billion, and the marginal propensity to save = 0.20, then saving will equal:
a. ?$200 billion. b. $200 billion. c. ?$100 billion. d. $100 billion. e. $40 billion.
A sign that Country A is under pressure to appreciate its currency is its:
a. Overall balance is in surplus. b. Financial account is in surplus. c. Overall balance is in deficit. d. Reserves account is in surplus (i.e., positive). e. All of the above.
In a free market, the price of housing adjusts to eliminate the shortages that give rise to undesirable landlord behavior
a. True b. False Indicate whether the statement is true or false