According to Hughes and Cain (2011), taxation can be a form of forcible seizure of property, under certain circumstances
Indicate whether the statement is true or false
True
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Giuseppe's Pizza is a perfectly competitive firm. The firm's costs are shown in the table above. The firm's shutdown point is
A) $12. B) $17. C) $8. D) $2.
In the standard consumption function of C = a + bY, the MPC is
A) Y. B) bY. C) a. D) b.
According to the principle of egalitarianism:
A. society should place equal weight on the well-being of every individual. B. society should place all weight on the well-being of its worst-off member. C. society should place all weight on the well-being of its best-off member. D. equal division of society's resources among all members of the population is the most equitable outcome.
Trent decides to spend an hour playing basketball rather than studying. His opportunity cost is: a. nothing because he enjoys playing basketball more than studying
b. the foregone benefit to his grades from studying for an hour. c. the increase in skill he obtains from playing basketball for that hour. d. nothing because he had a free pass into the sports complex to play basketball.