Which of the following taxes is not collected from the consumer on the final sale of goods and services?
a. consumption tax
b. national sales tax
c. value-added tax
d. flat tax
c. value-added tax
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It is useful to distinguish between the cost of obtaining and the cost of providing goods because
A) costs always pertain to specific actions. B) obtaining is more costly than providing. C) providing is more costly than obtaining. D) supply must equal demand.
The financial system is primarily a means by which
A) funds are transferred from savers to borrowers. B) money is put into circulation. C) the government puts into operation its plans for the economy. D) business firms distribute their goods.
The long-run Phillips curve is located at the natural rate of unemployment
a. True b. False Indicate whether the statement is true or false
Bonds are considered fixed-income securities because they pay a fixed amount of interest per quarter or per year for the term of the loan.
Answer the following statement true (T) or false (F)