Econ Sample Quiz 3 - SAMPLE Quiz 3 Econ 103 Fall 2010 TA...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
SAMPLE Quiz 3 – Econ 103 – Fall 2010 – TA Emilie Bagby 1/2 Supply Side Economics 1. The main idea expressed by supply-siders using the Laffer curve is that if a) tax rates are lowered, GDP will grow, and tax revenue will increase b) tax rates are lowered, GDP will grow, but the deficit will increase c) government spending is cut, GDP will fall, but the deficit will decrease d) business is deregulated, the aggregate supply curve will shift to the right e) government spending is reduced, crowding out will diminish Balance of Payments 2. The Capital Account in the Balance of Payments records: a) Exports and imports of goods and services b) International transactions involving loans and assets c) All money flows among countries d) Only international investments e) The results from the Current Account 3. For this question, consider that you are preparing the Balance of Payments of the United States. For each transaction below, circle C if it is a credit or D if it is a debit: C D US exports to Canada
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 2

Econ Sample Quiz 3 - SAMPLE Quiz 3 Econ 103 Fall 2010 TA...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online