In the United States, the size of the underground economy is estimated to be as much as $2 trillion
Indicate whether the statement is true or false
TRUE
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Most businesses in the United States are organized as corporations
Indicate whether the statement is true or false
Macland can produce 150 sweaters or 75 bushels of rice. Microland can produce 50 sweaters or 50 bushels of rice. What country has a comparative advantage in rice?
a. Macland and Microland can produce rice at the same opportunity cost. b. Macland can produce rice at a lower opportunity cost. c. Microland can produce rice at a lower opportunity cost. d. Microland can produce rice at a higher opportunity cost
Suppose Mishka buys 15 apples per month her total tax burden from a $3 per apple tax is $100 every month.
A. Her excess burden is $45. B. Her excess burden is $6.67 per apple. C. Her excess burden is greater than her taxes paid. D. Her taxes paid are greater than her tax burden.
Which statement is false?
A. The two basic ways that unions have of exerting power is inclusion and exclusion. B. A smaller percentage of the labor force is members of unions today than 35 years ago. C. Collective bargaining is the main arena of the power struggle between labor and management. D. None of the statements are false.