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Exhibit 30-5
?
A. C and A; Q1.
B. D and B; Q1.
C. D and B; Q2.
D. A and B; Q2.
Answer: C
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Governments prefer to avoid excessive current account surpluses because
A) the returns to domestic savings are more difficult to tax than those on assets abroad. B) an addition to the home capital stock may increase domestic unemployment and therefore lead to higher national income. C) foreign investment in one firm may have beneficial technological spillover effects on other foreign producers that the investing firm does not capture. D) an addition to the home capital stock may reduce domestic unemployment and therefore lead to higher national income. E) domestic savings increase with more investment abroad.
To determine what a buyer would be willing to pay for a given bond, you must first ________________ by combining its face value, interest rate, maturity date, and market interest rates.
a. calculate its certificate of deposit b. ensure it is a high-yield bond c. determine the bond’s coupon rate d. compute the bond’s present value
A tax dollar collected from an individual or a business costs the private economy more than a dollar because
a. the administration and enforcement of the tax system is costly. b. record keeping and the other elements of compliance cost are sizable. c. the taxes will eliminate some productive exchanges (and cause people to undertake some counterproductive activities). d. All of the above are correct.
Mark's marginal utility of a third waffle is 10 units and marginal utility of a second slice of ham is 30 units. If Mark eats the third waffle, which of the following statements is true?
a. The price of a waffle is five times more than the price of a slice of ham. b. The price of a waffle is three times more than the price of a slice of ham. c. The price of a waffle is less than one-third the price of a slice of ham. d. The price of a waffle is four times more than the price of a slice of ham. e. The price of a waffle is less than one-fourth the price of a slice of ham.