Economics is considered to be one of ______________ disciplines
a. natural science
b. mathematical
c. humanities
d. social science
e. fine arts
D
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Refer to Figure 4.7. You will receive a payoff of 0 points if you ask for points and so do ________ of your classmates
A) 0 B) 6 C) 12 D) none of the above
Everything else held constant, a stronger dollar benefits ________ and hurts ________
A) American businesses; American consumers B) American businesses; foreign businesses C) American consumers; American businesses D) foreign businesses; American consumers
When decisions are made by majority rule, the individual consumption-payment link is broken
a. True b. False Indicate whether the statement is true or false
If a flat tax plan allowed individuals to deduct a standard allowance of $20,000 and the flat tax rate was 20 percent, an individual earning $100,000 would pay an average tax rate of 20%
a. True b. False Indicate whether the statement is true or false