A demand curve reflects each of the following except the
a. willingness to pay of all buyers in the market.
b. value each buyer in the market places on the good.
c. highest price buyers are willing to pay for each quantity.
d. ability of buyers to obtain the quantity they desire.
d
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In the economic way of thinking, government consists of many different people interacting on the basis of
A) fear. B) legal guarantees. C) prevailing property rights. D) public interests.
Unions have been protected since 1935 by a federal law, the National Labor Relations Act (NLRA), which contains provisions for
(a) elections by workers to choose their bargaining agents. (b) employers' recognition of union bargaining agents in interstate commerce for union representation and collective bargaining purposes. (c) arbitration of disputes that cannot be resolved through bargaining. (d) all of the above.
Property taxes are the main source of funding for public schools
a. True b. False Indicate whether the statement is true or false
The top federal personal income tax bracket is now _______ percent.
A. 25 B. 35 C. 55 D. 70