Disadvantages of a consumption tax are
A. the administrative problems.
B. the transitional problems.
C. dealing with gifts and bequests.
D. all of these answer options are correct.
D. all of these answer options are correct.
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Refer to Figure 3-7. Assume that the graphs in this figure represent the demand and supply curves for almonds. Which panel best describes what happens in this market when there is an increase in the productivity of almond harvesters?
A) Panel (a) B) Panel (b) C) Panel (c) D) Panel (d)
Part of the spending on the Doyle Drive project in northern California came from the American Reinvestment and Recovery Act, which is an example of ________ aimed at increasing real GDP and employment
A) an automatic stabilizer B) a transfer payment C) discretionary fiscal policy D) contractionary fiscal policy
As the U.S. population ages, the structure of the demand for food products will change with
A) an increase in the demand for red meat products and a decrease in the demand for fish and poultry. B) an increase in the demand for dairy products and a decrease in the demand for red meat. C) an increase in the demand for fruits, vegetables and fish and a decrease in demand for fried foods, dairy products and items that contain a lot of sugar. D) an increase in the demand for beverages and drinks and a decrease in the demand for solid food.
Describe why monopolistically competitive firms find it important to establish brand loyalty.
What will be an ideal response?