A value-added tax (VAT) is a less visible form of a sales tax
Indicate whether the statement is true or false
True
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The concept of "non-price rationing" means that, in general, we can deal with scarcity just as well without prices as with prices.
Answer the following statement true (T) or false (F)
If government-assured medical and other benefits increase the labor costs, everything else remaining constant, then firms will tend to hire more of the other resources instead of labor
a. True b. False Indicate whether the statement is true or false
A gold standard pegs the currency to:
A) another nation that also adopts a gold standard. B) a basket of metals: gold, silver, platinum, and palladium. C) the price of gold in local currency. D) the U.S. dollar.
Defenders of growth say that it is the primary path to raising living standards.
Answer the following statement true (T) or false (F)