Exam 3: Economic Decision Makers.

Choices households make do not include _____

Import restrictions usually benefit domestic producers at the expense of domestic consumers.

If the value of the euro increases relative to the U.S. dollar, then French goods will be less expensive in the United States.

If 1 euro is equal to $1.00, then an American car selling for $100,000 U.S. Dollars will cost _____ euros.

The main source of revenue for local governments is _____

Which of the following is an example of an in-kind transfer?

Mr. Thomson had a before-tax income of $20,000 and paid taxes of $2,000. Ms. Lynch had a before-tax income of $10,000 and paid taxes of $1,500. Based on this information, which of the following is correct?

Foreign money needed to carry out international transactions is known as _____

The incidence of a tax refers to _____

A large number of businesses are organized as sole proprietorships because it is easy for them to acquire large amounts of financing.

Which of the following lists the three types of firms in the United States from smallest to largest in terms of volume of sales in 2012?

Exchange rates will affect the price of _____

Which of the following have their profits taxed twice?

Which of the following forms of business organization is the most common in the United States?

Which of the following did not occur during the Information Revolution?

Which of the following is not based on the benefits-received principle of taxation?

A public good is one that is supplied to _____

Household production increases when there is a stronger desire to avoid taxation.

The main source of revenue for the U.S. federal government is _____

A positive externality is one in which there is an external benefit bestowed on a third party.