A(n) ________ is most easily shifted.

A. tax on gasoline
B. property tax
C. income tax
D. tax on pineapples


Answer: D

Economics

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If the government decreases its purchases of goods and services by $12,000 and the MPS is 0.5, GDP and income will eventually decrease by

A) $2,400. B) $6,000. C) $24,000. D) $60,000.

Economics

What are the four types of industry structures? Compare and contrast them with the number of firms in the industry, whether firms produce homogeneous or heterogeneous products, whether there are economic profits in long-run equilibrium, and how frequently the model appears in the real world.

What will be an ideal response?

Economics

Which of the following transactions would be included in Japan's current account?

A) A Japanese citizen purchases 50 shares of Google stock. B) An American citizen purchases a new Toyota made in Japan. C) A Japanese citizen purchases a new Toyota made in Japan. D) An American citizen purchases 50 shares of Toshiba stock.

Economics

Many whites regard ghetto poverty as a symptom of aberrant cultural values and inherent racial deficiencies

Indicate whether the statement is true or false

Economics