Refer to the figure below. 
In the figure, a business cycle peak is shown by which point(s)?
A. D only
B. A and C and E
C. E only
D. B and D
Answer: D
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Automobile manufacturers often use incentive programs, including special financing rates and cash rebates, to increase sales. However, a customer is usually restricted to choosing either the low financing rate or the rebate, but not both
Is this an example of price discrimination? If so, what type? Explain your reasoning.
When the Fed sells $100 worth of bonds to a primary dealer, reserves in the banking system
A) increase by $100. B) increase by more than $100. C) decrease by $100. D) decrease by more than $100.
Cities and towns mainly rely for revenue on
a. property taxes. b. income taxes. c. excise taxes. d. payroll taxes.
Figure 4-21
Refer to . The per-unit burden of the tax is
a.
$4 on buyers and $4 on sellers.
b.
$5 on buyers and $5 on sellers.
c.
$4 on buyers and $6 on sellers.
d.
$6 on buyers and $4 on sellers.