If the demand for electricity is inelastic, and the local utility wants to increase its total revenue, it should ________ its price.
A. frequently change
B. raise
C. not change
D. lower
Answer: B
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Bob inherits a large sum of money from his dead uncle's estate. Bob decides to retire young, so he quits his job and heads to the Bahamas. Bob is an example of
A) frictional unemployment. B) structural unemployment. C) cyclical unemployment. D) None of the above is correct.
You turn to the bond market page of a newspaper and look under the column headed "Bonds" and see that it says, "Alpha 7 1/2 25" this information indicates that
A. the coupon rate on this bond is 7.5 percent. B. the year this bond matures is 2025. C. the current yield on this bond is 7.5 percent. D. the current yield on this bond has risen 0.25 percent since the previous trading day. E. a and b
An increase in quantity supplied can be caused by a(n)
a. decrease in quantity demanded b. rise in resource input prices c. increase in price d. decrease in the number of firms in the market e. tax levied on the producer
Define the types of principles of taxation, and illustrate with examples the different types of existing tax systems based on these principles