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