By the late 1970s,
A. Russia began reforms which eventually transformed it to a more market-oriented economy.
B. China began reforms which eventually transformed it to a more market-oriented economy.
C. Russia and China were both quickly becoming market-oriented economies.
D. None of the choices are true.
B. China began reforms which eventually transformed it to a more market-oriented economy.
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A tax bracket is
A) the percent of taxable income paid in taxes at a specific income bracket. B) the type of tax structure for which a range of taxes applies. C) the income range within which a particular tax rate applies. D) the range, from the high to the low tax rate, of a particular type of tax.
In recent years, people have benefited from greater amounts of leisure time. This trend:
a. has caused GDP to rise. b. has caused GDP to fall. c. made GDP fluctuate randomly. d. is not accounted for in GDP.
A positively sloped long-run average total cost curve means there are economies of scale
Indicate whether the statement is true or false
Leaders that give the group total freedom
a. autocratic b. laissez-faire c. democratic d. trait