Which of the following is included in both M1 and M2?
a. traveler's checks
b. checkable deposits
c. currency
d. all of the above.
d
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A regressive tax means that if someone earning $25,000 pays $5,000, someone earning $50,000 must pay
A. less than $5,000. B. more than $15,000 but less than $20,000. C. less than $10,000. D. more than $10,000 but less than $15,000.
A monopolist will not produce at all if the intersection of marginal revenue and marginal cost occurs at a quantity at which average cost lies above the demand curve.
Answer the following statement true (T) or false (F)
Japan has a single-payer health care system in which the government provides national health insurance to all Japanese residents
Indicate whether the statement is true or false
Refer to the table below. Total revenues will decrease if price rises from:
Answer the question based on the following table which shows a demand schedule.
A. $1 to $2
B. $2 to $3
C. $3 to $4
D. $4 to $5