The U.S. tax burden is
a. about the same as most European countries.
b. higher than most European countries.
c. lower than most European countries.
d. higher than all European countries.
c
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As residents of developing countries increase their chocolate consumption, the increased production of cocoa results in
A) increased opportunity cost of cocoa production. B) decreased opportunity cost of cocoa production. C) no change in production of other goods and services. D) increased production of other goods and services.
Knowledge about the price elasticity of demand is especially useful to managers because it allows them to predict how a change in price would affect a firm's total revenues
Indicate whether the statement is true or false
A nominal variable, such as the inflation rate or the money supply, which ties down the price level to achieve price stability is called ________ anchor
A) a nominal B) a real C) an operating D) an intermediate
Mortgage backed securities had a role in the 2008 financial crisis
Indicate whether the statement is true or false