Local government expenditures depend on which taxes?
A) revenues from licenses and permits
B) local property, sales, and excise taxes
C) capital gains taxes
D) Social Security taxes
Answer: B
Economics
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In the above figure, what is the profit-maximizing price and output?
A) $9, 14 B) $13, 14 C) $11, 16 D) $10, 17
Economics
The amount of a good that must be given up to produce another good is the concept of:
a. scarcity. b. specialization. c. trade. d. efficiency. e. opportunity cost.
Economics
Oligopolists almost always cooperate in making price and output decisions
a. True b. False Indicate whether the statement is true or false
Economics
Why does perfect competition often lead to a market in which profits tend toward zero?
What will be an ideal response?
Economics