One reason governments impose taxes is to ________
A) reduce the number of transactions in an economy
B) redistribute funds via transfer payments
C) increase competition among producers
D) increase the volume of exports
B
Economics
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Government borrowing may crowd out borrowing by private interests because
A) funds are not available at any interest rate. B) the equilibrium interest rate increases. C) the supply curve shifts to the left. D) None of the above.
Economics
A perfectly competitive firm has a random demand with a 90 percent chance of being $100, a 5 percent chance of $90, and a 5 percent chance of being $80. What is the firm's expected marginal revenue?
A) $96.40 B) $98.50 C) $92.75 D) $90.50
Economics