Unit taxes vary along with the price of the taxed commodity.
A. True
B. False
C. Uncertain
B. False
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Figure 11-1
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In Figure 11-1, to achieve equilibrium at potential GDP, the government could
A. increase taxes. B. decrease transfer payments. C. increase government purchases. D. None of the above is correct.
The Fed
A) can examine the books of a member bank without warning. B) can examine the books of a member bank after giving advance notice. C) can examine the books of a member bank with the bank's permission. D) is never allowed to see the books of a privately owned bank.
According to the No Marginal Improvement Principle, if X* is the best choice then at X* it must always be true that:
A. either MB = MC or the activity X is not finely divisible. B. either MB ? MC or the activity X is not finely divisible. C. either MB < MC or MB > MC. D. MB = MC.
The largest component of U.S. GDP is:
A.) Government services at the federal, state and local levels combined. B.) Business investment. C.) Household consumption. D.) Net exports.