The lower the interest rate, i, the:
A. lower is the present value.
B. higher is the present value.
C. greater must be n.
D. higher is the future value.
Answer: B
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Does the presence of asymmetric information necessarily imply that governments should intervene in a market?
What will be an ideal response?
A country has a comparative advantage when the opportunity cost of producing a good in terms of:
a. the monetary value of other forgone goods is lower than that of other nations. b. the monetary value of other forgone goods is greater than that of other nations. c. forgone output of other goods is higher than that of other nations. d. forgone output of other goods is lower than that of other nations. e. forgone output of other goods is equal to that of other nations.
An equal increase in government purchases and taxes will cause
A) an increase in real GDP. B) no change in real GDP. C) an increase in the budget surplus. D) a reduction in cyclically adjusted budget surplus.
A progressive tax is a tax that taxes income so that the average tax rate increases with income
Indicate whether the statement is true or false