Emigration is when people leave a country because of supply push factors
Indicate whether the statement is true or false
FALSE
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It is useful to assume that there is a single representative consumer because
A) this is realistic. B) this is a useful abstraction if we are interested in problems where distribution effects are not important. C) this is the only model we know how to work with. D) a model with one consumer is the same as one with many consumers.
If a farmer produces 1000 bushels of corn using ten acres of land and one tractor and is able to produce 2000 bushels of corn using twenty acres of land and one tractor, the farmer has
A) increasing returns to scale. B) constant returns to scale. C) decreasing returns to scale. D) no returns to scale.
The measure or value upon which a tax is levied is the
A. tax incidence. B. tax structure. C. tax base. D. tax rate.
For constant returns to scale, a(n) ________ in a firm's scale of production leads to ________ average total cost.
A. increase; lower B. decrease; no change in C. increase; higher D. decrease; a change in