The average American pays a higher percent of his income in taxes today than he would have in the late 18th century
a. True
b. False
Indicate whether the statement is true or false
True
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Refer to Exhibit 6-2. How many persons are not participating in the labor force in year 3?
a. 50 million b. 100 million c. 150 million d. 350 million e. 400 million
What did the government claim Microsoft did to illegally extend its control over the market?
(A) It had used predatory pricing and required customers to buy other products. (B) It had used predatory pricing to drive competitors out of business. (C) It had used predatory pricing and mergers. (D) It had used predatory pricing and formed a cartel with other companies.
Equity markets are markets:
A. for stocks. B. for AAA rated bonds. C. for either stocks or bonds. D. of U.S. Treasury bonds.
According to comparative advantage, a nation should
A) Specialize in the production of the good with the least disadvantage. B) Not import any goods if it does not have a relative disadvantage. C) Import only the goods where the nation has a disadvantage. D) Not produce any goods if the nation is at relative disadvantage.