A change in the exchange rate for a country's currency alters the prices of
A. Imports only.
B. Exports only.
C. Both exports and imports.
D. Only domestic goods and services.
Answer: C
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Goods whose benefits to society are not diminished as more people consume them and whose benefits cannot be withheld from anyone are:
a. impossible since resources are limited. b. examples of negative externalities. c. public goods. d. food and other necessities. e. provided by free markets to free riders.
Annual incomes of James, Jack, and Stanley are $30,000 . $50,000 . and $80,000 and their tax rates are 10%, 20%, and 30% respectively. Which tax structure is this an example of?
a. Proportional tax b. Progressive tax c. Regressive tax d. Digressive tax
Which of the following statements is always true when inflation occurs?
a. The international competitive position of the country is negatively affected. b. The domestic money loses purchasing power. c. None of the above is true. d. All of the above are always true. e. Lenders benefit and borrowers suffer.
Government provides secondary education because of its private good aspects.
Answer the following statement true (T) or false (F)