Which of the following line items is always a credit in the U.S. balance of payments?
a. U.S.-owned assets abroad
b. imports of goods
c. net balance
d. exports of goods
d. exports of goods
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The simultaneous imposition of a 3 cent sales tax and a 5 cent excise tax on the sale of a cup of coffee would have the same effect on coffee sales as:
a. a 2 cent subsidy. b. a 2 cent excise tax . c. a 3 cent excise tax . d. an 8 cent excise tax.
If expectations are formed rationally, wages and prices are not completely flexible in the short run, and policy is correctly anticipated, increases in aggregate demand will stimulate the economy to higher levels of Real GDP and lower levels of unemployment in
A) the short run or the long run. B) neither the short run nor the long run. C) the short run, but not in the long run. D) the long run, but in not the short run.
Production processes that use a high ratio of capital to labor inputs are referred to as
A. Production-intensive. B. Labor-intensive. C. Capital-intensive. D. Factor-intensive.
Which department or office typically administers selection tests for police officers?
A) public information office B) county attorney's office C) human resources department D) auditing department