Your authors argue that, since the 1960s in the U.S
A) poverty has substantially decreased.
B) inequality has substantially increased.
C) poverty has substantially increased.
D) inequality has substantially decreased.
A
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In 1966, the Catholic Church eliminated the centuries-old requirement that members abstain from eating meat on Fridays. Catholics customarily ate fish on Friday. Given this, economics would predict thatÂ
A. the price of both meat and fish would rise. B. the price of fish would increase and the price of meat would fall. C. the price of fish would decrease and the price of meat would rise. D. the price of both meat and fish would fall.
The invisible hand is mostly guided by:
A) costs of production. B) quantity of goods and services sold. C) market prices. D) government intervention.
The marginal product of a variable input is calculated by dividing total product by the change in the variable input
Indicate whether the statement is true or false
Tax systems that impose recordkeeping requirements on taxpayers are said to have a(n)
a. auditing burden. b. lower incidence of compliance. c. administrative burden. d. certification requirement.