A decrease in the marginal tax rates is likely to
A. Increase entrepreneurship.
B. Decrease work effort.
C. Decrease investment.
D. Shift the aggregate supply curve to the left.
Answer: A
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Holding demand constant, a reduction in supply leads to
A) lower prices and higher quantity demanded. B) lower prices and lower quantity demanded. C) higher prices and higher quantity demanded. D) higher prices and lower quantity demanded.
Under the Clayton Act, which of the following was illegal, even if it was not shown to lessen competition substantially?
a. Price discrimination. b. Tying contract. c. Horizontal mergers by stock acquisition. d. Interlocking directorates.
The wealth effect explains the:
A. downward-sloping aggregate demand curve. B. downward-sloping aggregate supply curve. C. upward-sloping aggregate demand curve. D. upward-sloping aggregate supply curve.
If the dollars-per-euro spot rate is 0.7750 and the 3 month forward rate is 0.7800, what is the amount of the standard forward discount or premium?
A) 2.58% B) 2.56% C) 7.69% D) 7.74%