Marginal willingness to pay
a. rises as greater quantities are consumed
b. falls as greater quantities are consumed.
c. stays the same as greater quantities are consumed.
d. none of the above
b
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When the profits of a corporation are taxed and the dividends paid to stockholders are also taxed
A) the government is engaging in double taxation. B) the government is engaging in capital gains taxation. C) the government is engaging in regressive taxation. D) the government is engaging in progressive taxation.
A rightward shift in the aggregate supply curve is generally associated with a reduction in resource prices
a. True b. False Indicate whether the statement is true or false
Research associates obesity with a higher risk of all the following conditions except:
a. depression. b. type 1 diabetes. c. stroke. d. cancer. e. cardiovascular disease.
When a country exports more goods and services than it imports, this is called
A. a balance of trade deficit. B. a balance of trade surplus. C. a positive terms of trade. D. a negative terms of trade.