Unit excise taxes imposed on gasoline are
A) largely paid by the producers because gasoline is a necessity.
B) largely paid by consumers because they are not very responsive to price changes.
C) shared equally between the producer and the consumer.
D) paid by the wholesalers of these products.
Answer: B
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Use the following table to answer the next question.YearAltaZornAltaZorn?(Real GDP)(Real GDP)(Population)(Population)1$2,000$150,00020050022,100152,00020250532,200154,000210508Between years 1 and 2, real GDP per capita grew by approximately ________ percent in Alta.
A. 3 B. 10 C. 5 D. 4
Explain the effect of trade deficits on economic growth
What will be an ideal response?
Refer to the following graph. If the price is currently $1.80 then the firm is
a. losing money but should remain in operation.
b. losing money and should shut down to minimize losses.
c. breaking even when it produces 13 units.
d. earning an economic profit.
In the developing country of Sixsigma, most likely
a. resource owners tend to supply their resources where are most valued b. almost all workers are employed in service industries c. links to family or clan are totally unimportant d. children are expected to choose occupations as different as possible from their parents' occupations e. family businesses resist growth to avoid having to hire people from outside the family