Full integration would lower the effective tax rate on capital and, therefore, lead to increased saving.
A. True
B. False
C. Uncertain
C. Uncertain
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Referring to Figure 19.2, the effect of an increase in U.S. prices is represented by a movement from point
A) a to d. B) d to a. C) c to b. D) b to a.
In the figure above, suppose the economy is initially at point B. If people come to believe that the exchange rate will fall in the future, the supply of dollars ________ and the market moves to point such as ________
A) decreases; A B) decreases; E C) increases; D D) increases; C
Income is considered to be a
A) nontaxable stream of funds. B) flow. C) stock. D) resource.
Which of the following is not a characteristic of a monopolistically competitive market?
A. There is only one firm selling a product. B. There are many firms selling products that are similar but not identical. C. There are many firms that have some control over price. D. There are no artificial barriers to entry.