The increase in food prices around the world at the end of the 2000s decade led several developing countries to impose export tariffs on which of the following exports?
A) Rice.
B) Tomatoes.
C) Oil.
D) Bananas.
A
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In perfect competition
A) many firms sell slightly different products to many buyers. B) sellers are better informed about the prices than buyers. C) firms face no restrictions on entry into market. D) established firms have advantage over new ones.
An increased supply of U.S. dollars on the foreign exchange market, all else equal, will result in an appreciation of the U.S. dollar
Indicate whether the statement is true or false
The life insurance industry's share of total financial intermediary assets fell from 15.3% at the end of 1970 to 11.5% at the end of 1980 because of
A) poor investment returns in the 1970s. B) widespread failures of life insurance companies. C) federal regulations limiting the sale of life insurance. D) unpredictability of payouts.
Suppose a tax is implemented to fund low-income housing. Which principle of taxation is most appropriate as a guide to evaluating the tax?
a. the benefit principle b. the ability-to-pay principle c. a combination of the benefit principle and the ability-to-pay principle d. the mobility principle