The direct cost of debt depends on:
A. the amount of the deficit.
B. fiscal policy.
C. the implementation lag.
D. the interest rate.
Answer: D
Economics
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The change in the economic welfare of a country associated with an increase in a tariff equals
A) efficiency loss - terms of trade gain. B) efficiency gain - terms of trade loss. C) efficiency loss + tax revenue gain. D) efficiency loss + tax revenue gain + terms of trade gain. E) efficiency loss - tax revenue gain.
Economics
An unexpected decrease in the demand for accountants will lead to
a. an increase in the earnings of accountants. b. an increase in the incentive of students to prepare for a career in accounting. c. a reduction in the future supply of accountants. d. an increase in the employment opportunities of accountants.
Economics