A progressive tax is one in which the fraction of income paid in taxes rises as a person’s income increases.
Answer the following statement true (T) or false (F)
True
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Fill in the blank: According to your text, ________ may be the most powerful force behind economic growth
A) minimum wages B) unionization C) technical innovation D) a well-motivated bureaucracy E) price compression
How does a single-price monopoly determine the price it will charge its customers?
What will be an ideal response?
Regarding the number of discouraged workers,
a. the Bureau of Labor Statistics follows rather loose criteria to classify them. b. they are included in the official unemployment measure. c. there is universal agreement among economists that they should be counted as unemployed d. they are also known as involuntary part time workers. e. no one knows for sure how many are there.
Education generates external benefits. When these external benefits are not considered, the market will produce
A. less than the efficient level of education. B. an efficient level of education. C. more than the efficient level of education. D. zero units of education.