Which statement is false?
A. A poor person who smokes pays a higher percentage of her income in cigarette excise tax than a rich person.
B. The cigarette excise tax is a regressive tax.
C. The cigarette excise tax is a direct tax.
D. None of these statements are false.
C. The cigarette excise tax is a direct tax.
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Which of the following is an example of opportunity cost?
a. The Chinese food that you give up when you choose to eat Italian food. b. The tuition that you pay to attend college. c. For a professor of economics, the pleasure that he or she derives from teaching economics. d. Sweets given up by a person who would never eat them even if he or she could. e. The price paid for a ticket when you go for a movie.
Arrow's impossibility theorem illustrates the difficulties in creating the perfect voting system
a. True b. False Indicate whether the statement is true or false
The term "business cycle" refers to ________.
A) the periodic increases and decreases of the economy B) the periodic purchases of goods and services by the government C) the increases and decreases in the rate of inflation D) the periodic growth of the Federal Reserve system E) the periodic increases and decreases in the GDP due to seasonal factors
Only the bondholders of a corporation have the right to vote for a corporation's directors.
Answer the following statement true (T) or false (F)