The difference between slope and elasticity is that slope measures absolute change and elasticity measures percentage change.
Answer the following statement true (T) or false (F)
True
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Regardless of income level, when the ratio of taxes paid to income is constant then it is called
A. lump sum tax. B. marginal tax. C. progressive tax. D. proportional tax.
Union membership is likely to fall as growth in tertiary employment occurs in the private sector
Indicate whether the statement is true or false
Economists Barro and McCleary's research regarding the impact of religious beliefs on economic growth noted that a belief in hell matters more to economic growth than the belief in heaven
Indicate whether the statement is true or false
The purpose of the statistical discrepancy line item is to ______.
a. obtain a net balance of zero dollars for the unilateral transfers b. sum the difference between service exports and service imports c. obtain a net balance of zero dollars for the balance of payments d. ensure that the financial account balance is zero dollars