The circumstance in which financial assets are traded freely between countries is referred to as ________
A) purchasing power parity
B) capital mobility
C) free trade
D) asset appreciation
B
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Assume an income tax was doubled. Describe what would happen to labor supply and leisure. Can we be about the net effect on labor supply?
What will be an ideal response?
Consumers must make choices about what to buy and what to forgo to fulfill wants because
a. consumers' income are unlimited. b. consumers' wants are limited. c. consumers' incomes are limited.
Which of the following transactions is included in GDP?
A. Social Security check received by an elderly couple B. funds received by a college student for working in the college dining hall C. funds given to a family on welfare D. funds given to a college student by her parents
Costs of renewing contracts or printing new price lists are known as
A. implicit economic costs. B. operating costs. C. menu costs. D. opportunity costs.