If a nation is selling more goods and services to foreigners than it is buying from them, then on net it must be selling assets abroad
a. True
b. False
Indicate whether the statement is true or false
False
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With a tax of $4,000 on $24,000 taxable income, the average tax rate is
A. 16.67%. B. 23.45%. C. 20%. D. 25%.
The managers of Movies Plus, a large movie theater, want to practice third-degree price discrimination. The managers have learned that college students have an own price elasticity of demand of 1.5 for tickets at Movies Plus and adults have an own price elasticity of 1.2. If the managers have correctly determined the third-degree profit-maximizing price for adults is $15, what is the third-degree
profit-maximizing price to charge students? A) $7.50 B) $8.50 C) $10.00 D) $13.50
Which of the following would most likely decrease the current demand for DVD players?
a. an increase in consumer income b. an increase in the prices of television sets, a complement for DVD players c. an expectation that the price of DVD players would rise sharply in the near future d. an increase in the price of VCRs, a substitute for DVD players
Refer to the consumption schedule above. If disposable income is $42,000, then saving is:
a. $4,000 b. $2,000 c. $0 d. $6,000