A tax on sellers increases supply
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Refer to the scenario above. The retailer adds a value of ________ to the production process
A) $3 billion B) $1 billion C) $10 billion D) $5 billion
Economics
The primary cause of inflation is
a. large budget deficits. b. high taxes. c. rapid expansion of the money supply. d. government expenditures that are large relative to the size of the economy.
Economics
The situation of oligopoly suggests
A. many firms compete in an industry. B. mergers have not occurred. C. no barriers to entry exist. D. interdependence among firms.
Economics
A firm that hires labor in a purely competitive resource market is a:
A. "Price maker" B. "Product taker" C. "Money maker" D. "Wage taker"
Economics