A decline in the yields earned by bonds should:
A. increase the demand for money.
B. also decrease the demand for money.
C. not impact the demand for money since money doesn't earn any interest.
D. increase the velocity of money.
Answer: A
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Without specialization, individuals might spend time producing ________ goods.
A. unwanted B. low cost C. high cost D. general
It is argued that high-tech industries typically generate new technologies but cannot fully appropriate the commercial benefits associated with their inventions or discoveries
If this is true then in order to maximize a country's real income, the government should A) tax the high-tech firms. B) subsidize the high-tech firms. C) protect the high-tech firms. D) outsource high-tech production. E) discourage high-tech investments.
Suppose there is a simple tax system that says you pay 10% for income up to $10,000, 25% for income between $10,000 and $50,000, and 35% for all income above $50,000. Mr. Campbell has income of $72,000. Mrs. Campbell has income of $55,000.
(A) What is Mr. Campbell's individual tax liability? Mrs. Campbell'? (B) What is their liability if they file a joint return? (C) Is there a marriage penalty? If so, how much is
The father of modern economics that wrote The Wealth of Nations is:
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