In a world with saving, making an income tax a consumption tax would require the tax base to be _____
a. income
b. income minus savings
c. consumption plus investment
d. comprehensive
b
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In 2008, at the depth of the Great Recession, the Fed moved toward a ZIRP policy when it aimed to keep the Federal funds rate between:
A. 2.5% and 3.0% B. 2% and 2.5% C. 1.0% and 1.25% D. 0 and 0.25%
The table below shows the export and import values of automobiles, pharmaceuticals, and clothing in Country A and Country B. Country AExports ($Billions)Imports ($Billions)Automobiles2040Pharmaceuticals3030Clothing400Country BExports ($Billions)Imports ($Billions)Automobiles020Pharmaceuticals4040Clothing4535 The weighted average of the intra-industry trade (IIT) shares in Country A's trade in automobiles, pharmaceuticals, and clothing is
A. 0.4375. B. 0.625. C. 0.875. D. 1.286.