Perfectly competitive firms
A. are large relative to the size of the market.
B. are price makers.
C. sell identical products.
D. All of the above are correct.
Answer: C
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A country is using a beggar-thy-neighbor policy whenever:
A) it uses contractionary monetary policy to attract capital inflows from other countries. B) it devalues its currency to improve its macroeconomic position at the expense of its trading partners. C) it revalues its currency to improve its macroeconomic position and that of its trading partners. D) it cooperates with other countries in establishing its monetary policy.
Suppose consumers save 5 percent of their incomes. If the government collects 100 dollars in taxes from each taxpayer, private saving will ________ per taxpayer
A) decrease by 95 cents B) decrease by $5 C) increase by $105 D) decrease by $95