Unit excise taxes imposed on gasoline are
A. shared equally between the producer and the consumer.
B. largely paid by the producers because gasoline is a necessity.
C. largely paid by consumers because they are not very responsive to price changes.
D. paid by the wholesalers of these products.
Answer: C
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Refer to the table below. The average benefit of 2 units of activity is:Units ofActivity TotalCostTotalBenefit0$0$01$30$1002$40$1603$60$1904$100$2105$150$2206$210$225
A. $60 B. $80 C. $20 D. $40
One reason unions might support an increase in the minimum wage is because such a policy would cause a leftward shift in the demand curve for union labor
Indicate whether the statement is true or false
Which of the following is least likely to reduce poverty?
A. Receiving aid from private charities or NGOs. B. Receiving foreign aid from rich donor countries. C. Redirecting resources within the poor nation away from the military. D. Raising taxes within the poor nation.
A business that is owned by one individual is a? __________.
A. master limited partnership B. partnership C. limited liability company D. corporation E. sole proprietorship