In the figure below, if the price of the product increases from $5 to $6, then total revenue would:
A. Increase by $300
B. Decrease by $100
C. Decrease by $300
D. Stay the same
D. Stay the same
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According to ________, there is a close connection between unemployment and the growth rate of real GDP
A) Say's Law B) Okun's Law C) Engel's Law D) Ricardo's Law
Which of the following is a nontariff barrier policy tool?
(a) Sanitary regulations. (b) Average duties. (c) Phased liberalization. (d) Ad valorem tax.
As of 2012, carried interest was taxed as:
A) capital gains B) dividends C) interest income D) ordinary income
If traveler's checks were $1000 higher and saving deposits were $500 higher, M1 would be
a. $500 higher and M2 would be $1,500 higher. b. $1,000 higher and M2 would be $1,500 higher. c. M2 and M1 would be $1,500 higher. d. $1,000 high and M2 would be $500 higher.