Households and firms pay taxes to the government to:
a. increase their consumption spending.
b. finance the country's import bill.
c. increase their savings.
d. improve their standard of living.
e. finance government expenditures.
e
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Which of the following statements regarding the trucking industry is correct?
A) The recession of 2007 -2009 caused many trucking firms to exit with many firms filing for bankruptcy. B) The trucking industry most closely resembles an oligopoly. C) Even though there is a high degree of competition, firms in the trucking industry are able to sustain positive economic profits as a result of a substantial degree of product differentiation. D) The trucking industry was largely unaffected by the recession of 2007-2009 mainly because the industry is comprised by large firms with significant market power.
The riskiness of an asset's returns due to changes in interest rates is
A) exchange-rate risk. B) price risk. C) asset risk. D) interest-rate risk.