The payments to owners of capital include
a. interest and profits.
b. debt and taxes.
c. wages and salaries.
d. expenses and bonuses.
e. All of the above are correct.
a
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Opening this economy to trade would benefit ________ and harm ________.
A. everyone; no one B. no one; everyone C. domestic car producers; domestic car consumers D. domestic car consumers; domestic car producers
If a producer can sell each and every unit he can possibly produce for $10 each, then
A) he is a price taker. B) the demand for his product is infinitely elastic. C) his marginal revenue curve is a horizontal line at $10. D) all of the above are true.
Refer to the above figure. The marginal benefit of pollution abatement is curve
A) (1). B) (2). C) (3). D) (4).
A tax that does not change consumers' behavior creates no
a. economic burden. b. excess burden. c. tax revenue. d. tax incidence.