The most significant form of revenue in developed countries is the income tax
a. True b. False
a
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If the price of automobiles were to decrease substantially, the demand curve for pizza would most likely
A) shift rightward. B) shift leftward. C) remain unchanged. D) remain unchanged while quantity demanded would change.
Suppose a Middle Eastern firm moves its final assembly line to Germany and then ships the final products to other members of the EU trading bloc. This is an example of
A) trade diversion. B) trade deflection. C) trade restriction. D) trade detection.
Union membership has continued to grow faster than the labor force in the United States since World War II
a. True b. False
The supply function
A. does not include technology. B. shows the relationship between the quantity supplied of X and variables other than its price. C. recognizes that the quantity of a good produced depends on its price and supply shifters. D. describes how much of good X will be produced at an alternative price of good X, given all the other variables being constant.