Which of the following is not an excise tax?
a. A tax on cigarettes.
b. A tax on beer.
c. A tax on corporations.
d. A tax on airline tickets.
c
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A bear market is one in which prices are expected to rise.
Answer the following statement true (T) or false (F)
Which of the following types of countries has experienced increasing inequality in recent decades?
A. Poor countries B. Rich countries C. Countries with low economic growth D. All of these have experienced increasing inequality.
If a central bank increases the money supply in response to an adverse supply shock, then which of the following quantities moves closer to its pre-shock value as a result?
a. both the price level and output b. the price level but not output c. output but not the price level d. neither output nor the price level
Refer to the above table. What is MC when output rises from 0 unit to 1 unit?
A. $90 B. $0 C. $25 D. $115