In the above table, which tax plan is proportional?
A) only plan A
B) only plan B
C) only plan C
D) both plan A and plan C
A
Economics
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Any attempt to capture a consumer surplus, a producer surplus, or an economic profit is called
A) profit-maximizing. B) rent-seeking. C) price discriminating. D) efficiency gain.
Economics
Which of the following will decrease if the Fed sells bonds?
a. autonomous consumption. b. business investment. c. real GDP. d. none of the above.
Economics
The rate of technological development is clearly faster under perfectly competitive market structures
Indicate whether the statement is true or false
Economics
Supply and demand is an economic tool that analyzes the total costs and benefits of alternative policies to different groups, such as producers and consumers.
a. true b. false
Economics