Heavy business taxes
(a) vary according to firm size.
(b) benefit small firms but cost large ones.
(c) stifle entrepreneurial activity.
(d) can be described by all of the above.
(c)
Economics
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A good whose demand is inversely related to income is a(n)
A. regular good. B. inferior good. C. new good. D. normal good.
Economics
When M1 is expanded to M2, the money supply:
a. almost doubles. b. more than triples. c. goes up tenfold in size. d. changes very little. e. goes up by 50 percent.
Economics
Which of the following would be most likely to have monopoly power?
a. a national florist b. an online bookstore c. a local restaurant d. a local electrical cooperative
Economics
The profit-maximizing/loss-minimizing level of output
A. 50.
B. 80.
C. 100.
D. 120.
Economics