If the average tax rate exceeds the marginal tax rate, the tax would be
A. proportional.
B. regressive.
C. progressive.
D. uniform.
Answer: B
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Use the following table to answer the question below. Dave's Production Possibilities SchedulePounds of Green BeansPounds of Corn0160201204080604080 0Dave's production possibilities schedule demonstrates that
A. he can produce as much as he wants. B. he does face scarcity. C. he does not face scarcity. D. he can produce an unlimited amount of green beans if he gives up enough corn.
The Interstate Highway system in the U.S. has boosted economic productivity mainly through ________
A) the positive impact on tourism B) reduction in transportation costs C) increased competition among fast food restaurants D) increased speed of military deployments
If a pharmaceutical firm is researching ways to improve its heartburn medicine and discovers a technique that will improve its allergy medicine, one could conclude that economies of scope exist in that industry
Indicate whether the statement is true or false
Suppose that opportunity costs are constant in both France and Germany. In France, maximum feasible hourly production levels are either 3 units of wheat or 5 units of wine
In Germany, maximum feasible hourly production levels are either 4 units of wheat or 10 units of wine. It is correct to state that A) Germany has an comparative advantage in producing both wheat and wine. B) Germany has a comparative advantage in producing wine. C) France has a comparative advantage in producing both wheat and wine. D) France has a comparative advantage in producing wine.