"From each according to his ability; to each according to his needs" is from
A. The Communist Manifesto.
B. The Capitalist Manifesto.
C. The Socialist Manifesto.
D. The Fascist Manifesto.
A. The Communist Manifesto.
You might also like to view...
The marginal revenue curve of a competitive firm is
a. U-shaped. b. a ray from the origin. c. a horizontal line at the market price. d. downward sloping.
Consider a large open economy that has a positive current account balance. (a) Suppose the domestic government increases the tax rate on firm revenues
Draw a diagram to explain the effects on the world real interest rate, saving in each country, investment in each country, and the current account balance in each country in equilibrium. Explain your work. (b) In addition to the tax increase in part (a), suppose now that the foreign government increases lump-sum taxes on individuals. Draw a new diagram to incorporate the overall effects of both tax changes and explain the effects (from the initial equilibrium with neither tax change) on the world real interest rate, saving in each country, investment in each country, and the current account balance in both countries. Explain your work.
Corporate profits are taxed twice.
Answer the following statement true (T) or false (F)
The amount of money that could have been made by renting a piece of land to be used for building an office building instead of using the land for employee parking is a(n):
a. implicit cost. b. accounting cost. c. explicit cost. d. pure economic cost.