In which of the following countries are taxes (measured as a percentage of GDP) the lowest?
a. Canada.
b. France.
c. Sweden.
d. The United States.
d
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A tendency for a good to come into favor with consumers because other consumers have chosen to buy the item is
A) price-leadership. B) negative-sum game. C) positive market feedback. D) negative market feedback.
Using expansionary policies to combat a recession would:
A. increase a budget deficit. B. increase a budget surplus. C. decrease discretionary spending. D. increase federal revenue.
An option that gives the owner the right to sell a financial instrument at the exercise price within a specified period of time is a
A) call option. B) put option. C) American option. D) European option.
When a hair stylist charges men less than women for a haircut because men's hair take less time to cut, the hairstylist is practicing price discrimination.
Answer the following statement true (T) or false (F)