When borrowing is done in a foreign currency and lending is done in the domestic currency, what event creates a downturn in the economy?
a. a deprecation of its exchange rate
b. an appreciation of its exchange rate
c. an appreciation of its interest rate
d. a depreciation of its interest rate
a. a deprecation of its exchange rate
Economics
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The following data represent a personal income tax schedule. Answer the next question on the basis of this information.Taxable IncomeTotal Tax$15,000$1,50030,0003,50060,0009,000120,00025,000As income increases, the average tax rate
A. decreases. B. increases. C. remains constant. D. has no definite pattern.
Economics
If the wage rate increases and firms in a perfectly competitive industry are hiring labor, then
A. the firms will quit using labor. B. market supply will decrease. C. profits will increase. D. market price will decrease.
Economics