In the figure above, the equilibrium exchange rate is expressed as $1 U.S. equals
A) $2.00 Canadian.
B) $1.50 Canadian.
C) $0.50 Canadian.
D) none of the above
B
Economics
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A tax system in which the tax rate on everyone's first $10,000 of income is 10 percent, the tax rate on everyone's second $10,000 of income is 15 percent, and the tax rate on all income over $20,000 is 25 percent is a(n)
a. proportional tax b. equitable tax c. head tax d. unit tax e. progressive tax
Economics
Since its beginning, the cable television industry has been viewed as a natural monopoly. Typically, cities would grant individual firms local monopolies and then regulate them. Is this a valid approach from an economic perspective? What do you expect the future of the television-viewing market to hold?
Economics