According to the graph shown, if the government decides to increase taxes, it is most likely at equilibrium:
A. A
B. B
C. C
D. D
D. D
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In many large U.S. cities, taxicab companies operate as near monopolies because of_____.
A. patents B. strategic pricing C. licenses D. economies of scale
Communities may form competitive markets for providing certain types of non-pure public goods. ?
Answer the following statement true (T) or false (F)
In the absence of external shocks or government policy, an economy would
A. Still experience business cycle fluctuations because of internal market forces. B. Not be able to expand production and output. C. Not experience business cycle fluctuations. D. None of the choices are correct.
A progressive income tax means that those with a higher income pay
A. the same percentage of their income in taxes as low-income people. B. a higher percentage of their income in taxes than low-income people. C. a lower percentage of their income in taxes than low-income people. D. all the taxes in the economy.