What to produce, how to produce, and for who to produce are the three fundamental economic questions
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
The formula for the tax multiplier is
A) (1 + b) / (1 - b). B) 1 / (1 - b). C) -b / (1 - b). D) b / (1 - b).
The deadweight loss from a tax is called the
A) marginal benefit of the tax. B) marginal cost of the tax. C) excess burden of the tax. D) net gain from taxation. E) net loss from taxation.
How is the mean calculated from a series of observations? Suppose 5,000 people bought popsicles on a hot summer day. If the average number of popsicles that each person bought is 2, how many popsicles were sold that day?
What will be an ideal response?
The main area of economic activity that Canada chose not to open to free trade is
A) agriculture. B) oil and gas. C) lumber. D) the cultural industries. E) financial services.