Flexible exchange rates are determined by
A) the government of the exporting country.
B) the government of the importing country.
C) the forces of supply and demand.
D) the IMF.
C
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Why is it that only a small percentage of American firms are incorporated?
a. Corporate debt as stockholder's liability. b. Small size of firms. c. Unlimited liability. d. Inability to outlast associated individuals.
Assume that in year 1 you pay an average tax rate of 20 percent on a taxable income of $20,000. In year 2, you pay an average tax rate of 25 percent on a taxable income of $30,000. Assuming no change in tax rates, the marginal tax rate on your additional
$10,000 of income is: A. 5 percent. B. 12 percent. C. 35 percent. D. 42 percent.
An increase in the value people place on their actual time spent working will shift the labor ________ curve to the ________.
A. supply; right B. demand; left C. supply; left D. demand; right
In output markets, the elasticity of supply tends to be
A. positive. B. negative. C. zero. D. decreasing at an increasing rate.