Tax incidence is the portion of a tax paid by a buyer or a seller
a. True
b. False
Indicate whether the statement is true or false
True
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List three changes that lead to a shift of the aggregate supply curve. Discuss why each change shifts the aggregate supply curve and in which direction the curve shifts
What will be an ideal response?
The use of a price system eliminates: a. scarcity
b. equilibrium. c. shortages and surpluses. d. changes in supply and demand.
Assets whose returns have a high positive correlation are considered:
a. highly risky compared with those whose returns have lower or negative correlations.. b. completely risk free. c. less risky compared to those which have a low positive correlation. d. partially risky.
Suppose a change in technology increases the marginal product of labor. The result is
a. a downward movement along the demand for labor curve. b. a rightward shift in the demand for labor curve. c. a leftward shift in the demand for labor curve. d. an upward movement along the demand for labor curve.