A characteristic of a 45-degree line is that
A) any point on the line is equidistant from the two axes.
B) it bisects a right angle.
C) its slope is 1.
D) a and c
E) a, b, and c
E
You might also like to view...
Refer to the figure above. What is the producer surplus after Barylia opens up to free trade?
A) $225 B) $550 C) $750 D) $900
The figure above illustrates a linear demand curve. In the range from $8 to $6
A) the demand is price elastic. B) the demand is unit elastic. C) the demand is price inelastic. D) more information is needed to determine if the demand is price elastic, unit elastic, or inelastic.
Which of the following statements is true regarding the differences between economic and accounting costs?
A) Accounting costs include all implicit and explicit costs. B) Economic costs include implied costs only. C) Accountants consider only implicit costs when calculating costs. D) Accounting costs include only explicit costs.
The four federal taxes that together accounted for 88 percent of all federal government tax receipts in 2013 were:
A) individual income tax, corporate income tax, property tax, and sales tax. B) corporate income tax, national consumption tax, estate tax, and social security tax. C) individual income tax, social security tax, corporate income tax, and Medicare tax. D) social security tax, Medicare tax, estate tax, and corporate income tax. E) none of the above