The concern of economists with respect to the trade deficit is whether it is
a. sustainable at current levels.
b. desirable at current levels.
c. under-specified.
d. overestimated.
e. the result of the financial crisis.
A
Economics
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Which economist is credited with having been the first to discuss the "lemons problem"?
A) George Akerlof B) Milton Friedman C) Robert Shiller D) James Tobin
Economics
If your income increases from $10,000 per year to $14,000 per year and your tax payment increases from $2,000 to $2,840, the marginal tax rate
A. is 21%. B. is 25%. C. is 20%. D. cannot be determined from the given data.
Economics