Ad valorem taxes
A) are not used in the United States.
B) are assessed as a percentage of a good's price.
C) are based on income levels.
D) are applied only to imports.
B
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With everything else the same, in the foreign exchange market which of the following increases the supply of U.S. dollars?
I. a fall in the U.S. interest rate II. a fall in interest rates in foreign countries III. a rise in expected future exchange rate A) I only B) I and II only C) I and III only D) I, II, and III
All of the following were true in the South except
(a) Slaves had little or no status in courts of law. (b) Slave marriages (when there was a ceremony) were not legal, binding contracts. (c) Slaves' property was legally their own. (d) Slaves' own children were not theirs to control; slaves were property.
In the above figure, what is the wage rate the monopsonist will pay?
A) W1 B) W2 C) W3 D) W4
When OPEC caused the price of oil to rise in the early 1970s, the:
a. aggregate supply curve shifted to the right. b. aggregate supply curve shifted to the left. c. aggregate demand curve shifted to the right. d. aggregate demand curve shifted to the left. e. price level in the economy fell.