In the national income accounts, the symbol G represents the
a. government production of goods and services.
b. volume of goods and services purchased by the federal government.
c. value of goods and services purchased by the federal government.
d. value of goods and services purchased by all levels of government.
d
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Refer to Figure 18-2. If the government imposes an excise tax of $1.00 on every unit sold
A) the deadweight loss is greater under the supply curve S0. B) the deadweight loss is greater under the supply curve S1. C) the deadweight loss is identical under either supply curve. D) there is no deadweight loss since revenue raised is used to fund government projects.
A firm becomes a multinational enterprise when
A) it lists its stock on a stock exchange other than the one in its home country. B) it undertakes foreign direct investment. C) it undertakes foreign portfolio investment. D) Any of the above.