Which of the following would cause the dollar to appreciate?
A) an increase in the demand for imports from foreign countries
B) an increase in the demand for dollars
C) a decrease in the demand for dollars
D) an increase in the supply of dollars
B
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The production possibilities frontier in Figure 3-1, using a move from point B to point D as an example, shows
A. a constant slope. B. the principle of comparative advantage. C. the principle of increasing costs. D. an inefficient allocation of resources.
Why is it important to consider the personal income tax when evaluating the corporate income tax? Give an example of how differential rates between the corporate and personal income tax rates can change taxpayer behavior
What will be an ideal response?
When quantity demanded decreases in response to a change in price:
a. the demand curve shifts to the right b. the demand curve shifts to the left. c. there is a movement down along the demand curve. d. there is a movement up along the demand curve.
Under the binding price ceiling of $4, what would be the black market price?
A. $14 B. $12 C. $16 D. $10