If a tax is legally required to be paid by sellers, sellers typically bear the full burden of the tax.

Answer the following statement true (T) or false (F)


False

The percentage of the tax paid by the supplier and the consumer is independent of who actually makes the physical payment of the tax.

Economics

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An increase in the interest rate will cause planned investment ______

Fill in the blank(s) with the appropriate word(s).

Economics

Let C = 80 + 0.6y and I = 40. The value of the MPS is

A) 0.24. B) 0.4. C) 0.48. D) 0.6.

Economics

If an indifference map for a consumer is made up of straight, negatively sloped lines, the goods are

A) perfect complements. B) unrelated. C) perfect substitutes. D) not desirable.

Economics

Individual employment and training programs are levers most likely to be advocated by:

A. Classical economists. B. New classical economists. C. Keynesians. D. Supply-side economists.

Economics