Cities and towns mainly rely for revenue on
A. property taxes.
B. income taxes.
C. excise taxes.
D. payroll taxes.
Answer: A
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Labor expenditures associated with carrying out an abatement process are considered to be part of
a. capital costs b. fixed costs c. operating costs d. implicit costs e. none of the above
If the government passes a law requiring sellers of mopeds to send $200 to the government for every moped they sell, then
a. the supply curve for mopeds shifts downward by $200. b. sellers of mopeds receive $200 less per moped than they were receiving before the tax. c. buyers of mopeds are unaffected by the tax. d. None of the above is correct.
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
The profit-maximizing combination of resources in a perfectly competitive situation occurs at the point at which
A. MRP of labor = price of labor (wage rate). B. MRP of capital = price of capital (cost per unit of service). C. MRP of land = price of land (rental rate per unit). D. All of these are correct.