The sales tax is generally considered to be a regressive tax
a. True
b. False
Indicate whether the statement is true or false
True
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The typical family on the Planet Econ consumes 10 pizzas, 7 pairs of jeans, and 20 gallons of milk. In 2008, pizzas cost $10 each, jeans cost $40 per pair, and milk cost $3 per gallon. In 2009, the price of pizzas went down to $8 each, while the prices of jeans and milk remained the same. Between 2008 and 2009, a typical family's cost of living:
A. remained the same. B. increased by 4.5 percent. C. decreased by 4.5 percent. D. decreased by 20 percent.
A firm's technology may depend on which of the following factors?
A) the training of its workers B) the skill of its managers C) the speed and efficiency of its equipment D) all of the above
The minimum-leverage-ratio approach to capital adequacy requirements
A) has been dominant since the 1930s. B) was phased out in the 1990s. C) was adopted in the 1990s. D) has never been implemented.
The national debt is unlikely to cause national bankruptcy because the:
a. national debt can be refinanced by issuing new bonds. b. interest on the public debt equals GDP. c. national debt cannot be shifted to future generations for repayment. d. federal government cannot refinance the outstanding national debt.