Assuming all else equal, if ________, net exports are positive
A) exports exceed transfer payment B) imports exceed exports
C) imports exceed transfer payments D) exports exceed imports
Lawland imports cell phones worth $1,000 billion, and exports coffee worth $820 billion in a year.
D
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If the market supply curve is perfectly elastic and an excise tax is imposed,
a. all of the tax is paid by buyers b. all of the tax is paid by sellers c. the tax burden is divided equally between buyers and sellers d. the market price will not change e. the market price will fall by the amount of the tax
A very hot summer in Atlanta will cause
a. the demand curve for lemonade to shift to the left. b. the demand for air conditioners to decrease. c. the demand for jackets to decrease. d. a movement downward and to the right along the demand curve for tank tops.