The distribution of tax burdens among various groups in society is referred to as
A) sectioning.
B) regressive placement.
C) zero-base budgeting.
D) tax incidence.
D
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Workers should invest in additional human capital as long as the:
A. marginal benefit exceeds the marginal cost. B. opportunity cost exceeds the marginal benefit. C. opportunity cost is zero. D. marginal cost exceeds the marginal benefit.
Total profit is maximized if the slope of the total profit curve is
A. positive. B. negative. C. increasing. D. zero.
The Congressional Budget Office estimates that ________ account(s) for less than 1 percent of health care costs in the United States
A) the payments to settle malpractice lawsuits and the premiums doctors pay for malpractice insurance B) advances in medical technology C) uninsured patients receiving treatment in hospital emergency rooms that could have been provided less expensively at doctor's offices D) the aging population
In the years following the Civil War, the world supply of cotton ____________ and the world demand for cotton _____________
a. increased; also increased b. decreased; also decreased c. increased; decreased d. decreased; increased