Which of the following is an example of a durable good?
a. a hair dryer.
b. a suit.
c. a pair of shoes.
d. All of the above are correct.
a
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The figure above shows two Lorenz curves, one before income redistribution and one after income redistribution. Lorenz curve B represents
A) market income. B) money income. C) money income before taxes. D) income after taxes.
A major difference between tax systems in developing and developed country is that
a. developing countries rely on direct taxes, and developed countries rely on indirect taxes b. developing countries rely on indirect taxes and developed countries rely on direct taxes c. developing countries rely on domestic taxes and developed countries rely on taxes on foreign trade d. developing countries rely on ‘forced saving' and developed countries tax saving directly e. there are no significant differences
An individual can avoid risks associated with a transaction by purchasing insurance
Indicate whether the statement is true or false
One inconvenience of commodity money is the need for
A. money to be divisible. B. uniform quality. C. portability. D. All of these responses are correct.