Poland is classified as
A) an advanced economy.
B) a developing economy.
C) a transition economy.
D) an emerging market economy.
E) private economy.
D
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Under laissez-faire, output selection is determined by
A. consumer preferences. B. production costs. C. firms’ desires to make profits. D. All of the responses are correct.
Higher employment taxes lead to lower levels of employment
Indicate whether the statement is true or false
Which of the following statements about excise taxes is TRUE?
A) The producer will increase the price of the good by the amount of the excise tax. B) The equilibrium price will increase and the equilibrium quantity will remain unchanged. C) Both the consumer and producer pay part of the excise tax. D) Consumers will refuse to pay excise taxes forcing the producers to pay it.
This agency is responsible for regulating the quality and safety of foods, health and medical products, pharmaceuticals, cosmetics, and animal feed
A) Environmental Protection Agency B) Food and Drug Administration C) Equal Employment Opportunity Commission D) Federal Trade Commission