Costs that change as output changes are called incremental costs

Indicate whether the statement is true or false


FALSE

Economics

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State and local income taxes should be deducted from federal income tax.

A. True B. False C. Uncertain

Economics

Which of the following is the best example of a public good?

a. Apples. b. Cars. c. Education. d. National defense.

Economics

Prior to 1877 business could not be regulated by the states because of:

a. lack of public support b. the fifth amendment c. the 10th amendment d. the due process clause e. all of the above

Economics

Which of the following is not a reason for international trade?

a. Differences in resource endowments b. Diseconomies of Scale c. Differences in tastes d. All of the above are reasons for international trade.

Economics