If only current income is considered, beer taxes are _____. If lifetime income is considered, however, beer taxes are _____
a. regressive; progressive
b. regressive; proportional
c. progressive; regressive
d. proportional; progressive
a
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At prices below a consumer's willingness to pay:
A. the buyer will participate in the market because the opportunity cost is less than the benefit from consuming the good. B. the buyer will participate in the market because the opportunity cost is more than the benefit from consuming the good. C. the buyer will not participate in the market because the opportunity cost is less than the benefit from consuming the good. D. the buyer will not participate in the market because the opportunity cost is more than the benefit from consuming the good.
A multinational organization dedicated to providing financial and technical assistance to developing countries is called the:
A. World Bank. B. United Nations Development Plan. C. International Monetary Organization. D. World Trade Organization.
Table 30.5Output (units)Labor (units)Output (units)Capital (units)101201262562383863Assume that in Table 30.5 the cost of labor is $4 per unit and the cost of capital is $6 per unit. In Table 30.5, what is the cost efficiency of the second unit of labor?
A. 64 units per $1 of cost. B. 26 units per $1 of cost. C. 4 units per $1 of cost. D. 16 units per $1 of cost.
Explain the probable incidence of a general sales tax imposed by a state
What will be an ideal response?