Traditional sports betting always fails to create a bet acceptable to both parties when one person/team is known by everyone to be more likely to win.
Answer the following statement true (T) or false (F)
False
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An excise tax is a tax that is levied on
A) the value of a piece of property. B) the purchase of a given good or service. C) the value of an estate. D) that part of a person's income coming from interest payments.
The wage and price controls of the 1940s eventually led to:
a. black markets. b. "forced uptrading." c. calls for nationalizing the nation's cattle herds. d. All of the above are correct.
The real balances effect occurs because a higher price level will reduce the real value of people's:
a. financial assets. b. wages. c. unpaid debt. d. physical investments.
Daniel's consumption of pizzas drops from 6 per week to 4 per week when the price rises from $9 to $11 . His price elasticity of demand for pizza equals
a. 0.5 b. 1 c. 2 d. 0.08 e. 1.7