In an open economy, there should be a close positive relationship between
a. budget deficits and interest rates.
b. trade deficits and budget deficits.
c. savings and investment.
d. investment and consumption.
e. none of the above.
E
Economics
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An indirect tax is exemplified by
A) an income tax. B) a sales tax. C) a subsidy. D) None of the above answers is correct.
Economics
By the late 1800s, soft coal miners earned a higher hourly wage than other industrial workers of similar skill levels. The mining wage is an example of
a. wage discrimination. b. a monopsony market. c. a compensating wage differential. d. an efficiency wage.
Economics