When using a logarithmic scale to plot output per capita over time, an upward-sloping curve that becomes increasingly steep indicates
A) output per capita is not changing.
B) output per capita is growing by a constant amount each year.
C) output per capita is growing by a constant percentage each year.
D) output per capita is growing by an increasing percentage each year.
E) output per capita is not defined.
D
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Disadvantages of a consumption tax are
A. the administrative problems. B. the transitional problems. C. dealing with gifts and bequests. D. all of these answer options are correct.
If an individual is to hold lower money balances on average, she must make more frequent trips to the bank to withdraw money. This inconvenience of reducing money holding is called:
A. a menu cost. B. a shoeleather cost. C. an inflation tax. D. seigniorage.
The type of tax receipts that has shown the largest growth since the end of World War II has been
A. personal taxes. B. contributions for social insurance. C. taxes on production and imports. D. corporate taxes.
Survivor bias
A. can only occur in studies involving people of significant age difference. B. is a type of selection bias. C. is relatively insignificant with respect to economic research. D. all of the above