Markets
A) facilitate trade.
B) allow traders to enjoy gains from trade.
C) coordinate price information between buyers and sellers.
D) All of the above answers are correct.
D
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What are the two largest sources of revenue for the average US state govt?
a. sales taxes and excise taxes b. corporate income taxes and property taxes c. property taxes and US import tariff revenues (taxes on imported goods) d. income taxes and sales taxes
Suppose the government institutes a new investment tax credit. This is likely to
A) shift the short-run aggregate supply curve to the right by an amount equal to the amount of tax credit times the spending multiplier. B) shift the aggregate demand curve to the right by an amount equal to the amount of tax credit times the spending multiplier. C) shift the short-run aggregate supply curve to the right by an amount equal to the initial change in investment times the spending multiplier. D) shift the aggregate demand curve to the right by an amount equal to the initial change in investment times the spending multiplier.