If all taxpayers pay the same percentage of income in taxes, the tax system is proportional
a. True
b. False
Indicate whether the statement is true or false
True
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Given the data in Table 6.1, if the workers who are "not employed and not looking for work" were counted as not employed and in the labor force, the unemployment rate of Metropolis would be approximately
A) 4 percent. B) 7 percent. C) 9 percent. D) 10 percent.
Which explains why supply curves slope upward to the right?
A) Sunk costs B) Decreasing average costs C) Increasing marginal costs D) Multiple per-unit costs
A piece rate compensation system
A. underemphasizes the quantity of output produced. B. attracts and benefits the most able workers. C. has no disadvantages. D. decreases a firm's productivity. E. inherently hurts minorities.
If prices are inflexible, monetary policy:
A. affects real income but not nominal income. B. affects both nominal and real income. C. does not affect real or nominal income. D. affects nominal income but not real income.