The interest rate charged on a risk-free loan exceeds the rate on a risky loan
a. True
b. False
B
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A tax that is imposed as a specific amount per unit of a good is a(n)
A) excise or specific tax. B) sales or ad valorem tax. C) compound duty. D) income tax.
Individual firms in a perfectly competitive market can
a. purchase all they want at the market price b. sell all they produce at the market price c. earn more profit if they charge a price above the market price d. earn more profit if they charge a price below the market price e. earn no profit in the short run
If expectations are rational, can monetary and fiscal policy makers accurately control the effects their policies have on unemployment? a. Yes, provided they announce policies in advance
b. Yes, both policies are effective in altering unemployment in the desired ways. c. No, because these effects depend on whether and to what extent people are fooled by those policies. d. No, only fiscal policy can alter unemployment.
Which of the following is a characteristic of a good research paper?
A. A good research paper should contain a review of relevant literature. B. A good research paper should not have any published precedents. C. A good research paper should always be useful for policy implications. D. A good research paper should have more than one author.