State personal income taxes are
A. payroll taxes.
B. excise taxes.
C. direct taxes.
D. indirect taxes.
Answer: C
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In the figure above, consumer surplus at the price that maximizes the profit for an unregulated, single-price monopolist is the area of
A) rectangle 0heb. B) triangle abe. C) triangle eig. D) rectangle 0hgd.
Although checking deposits are considered money, they are actually
a. fictitious numbers in persons' checkbooks. b. backed by commodities like gold. c. not very useful for making payments. d. bookkeeping entries in bank balance sheets.
_____ and _____ are the two most important financial intermediaries
Fill in the blank(s) with correct word
Using our model of consumer choice, is it possible for a consumer to buy less of a particular good when his income rises? Briefly explain