In 2014, the largest source of receipts for state and local governments was corporate income taxes
a. True
b. False
Indicate whether the statement is true or false
False
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In 1776, ______________ was the most populated colonial city
a. New York b. Philadelphia c. Charleston d. Boston
When natural resources are commonly owned, the exhaustion of these resources are evenly spread over current and future periods
a. True b. False Indicate whether the statement is true or false
In the open-economy macroeconomic model, if the U.S. interest rate rises, then U.S
a. net capital outflow rises, so the supply of dollars in the market for foreign exchange shifts right. b. net capital outflow rises, so the demand for dollars in the market for foreign exchange shifts right. c. net capital outflow falls, so the supply of dollars in the market for foreign exchange shifts left. d. net capital outflow falls, so the demand for dollars in the market for foreign exchange shifts left.
When OPEC reduces output to keep prices high, OPEC is acting as a:
A. producer moving along a supply curve, cutting output as price falls. B. producer in a contestable market. C. price taker. D. cartel.