Which of the following leads to the suppliers paying all of a tax?
A) The supply is perfectly elastic.
B) The supply is perfectly inelastic.
C) The demand is unit elastic.
D) The demand is perfectly inelastic.
B
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You purchase a share of Facebook stock from a friend who purchased the stock 1 year ago. Your purchase of the stock represents a transaction in the primary financial market
Indicate whether the statement is true or false
Figure 7-14
Of the long-run AC curves in Figure 7-14, which displays increasing returns to scale for all levels of output?
A. 1 B. 2 C. 3 D. 4
Julia prepares tax returns and does bookkeeping. Last year her revenues from the tax and bookkeeping business were $150,000 . and her expenses for the business were $15,000 . When she started her tax and bookkeeping business, Julia gave up her supplemental job doing in-home pet sitting. She used to earn $10,000 per year from pet sitting. Assume that she incurred no costs for her pet sitting
business. Julia's economic profits are a. $160,000. b. $150,000. c. $135,000. d. $125,000.
Which of the following is NOT an example of positive supply-side policy?
A. Higher marginal tax rates. B. Trade liberalization. C. Improving infrastructure. D. Eliminating excessive government regulation.