The existence and use of the Internet has lowered the transaction costs of making some exchanges
Indicate whether the statement is true or false
True
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Use the following graph for a competitive market to answer the question below.
Assume the government imposes a $2.25 tax on suppliers, which results in a shift of the supply curve from S1 to S2. How much of the total tax revenue is paid by the buyer?
A. $675 B. $375 C. $750 D. $300
Assume that foreign capital flows into a nation rise due to expected increases in stock market appreciation. If the nation has highly mobile international capital markets and a fixed exchange rate system, what happens to the GDP Price Index and current international transactions balance in the context of the Three-Sector-Model? a. The GDP Price Index falls and current international transactions
balance becomes more negative (or less positive). b. The GDP Price Index rises and current international transactions balance becomes more negative (or less positive). c. The GDP Price Index and current international transactions balance remain the same. d. The GDP Price Index rises and current international transactions balance remains the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
Which statement is true?
A. Our lower rate of productivity growth has been affected by our low rate of savings. B. Our lower rate of productivity growth has been caused almost entirely by our high rate of savings. C. Our high rate of productivity growth has been caused almost entirely by our high rate of savings. D. Our high rate of productivity growth has been caused almost entirely by our low rate of savings.
The currency value of Agraria is set by government decree. Which of the following happens when the government alters the exchange rate so that its currency can buy more units of foreign currency?
A. Reflation B. Devaluation C. Appreciation D. Revaluation