A consumer values a car at $525,00 . and a producer values the same car at $485,000 . If the transaction is completed at $510,000 . what level of tax rate will result in unconsummated transaction?

Recall the Application. If country A has a lower overall income tax rate than country B, and labor can freely and easily move between the two countries, real wages in country B will tend to ________ and employment in country B will tend to ________

A) decrease; increase B) increase; decrease C) increase; increase D) decrease; decrease

When the money market is drawn with the value of money on the vertical axis, if there is a shortage of money then

a. the value of money rises which will make people desire to hold more money. b. the value of money rises which will make people desire to hold less money. c. the value of money falls which will make people desire to hold more money. d. the value of money falls which will make people desire to hold less money.