Which of the following can be classified as a regressive tax?
a. Federal corporate income tax.
b. Federal personal income tax.
c. Federal gasoline tax.
d. All of these.
c
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Barter is
A) another type of money. B) printing too much money. C) the exchange of goods and services directly for other goods and services. D) the exchange of goods and services for any type of money.
A consumer is willing and able to buy 1,000 units of a good at $10, but the consumer's quantity demanded falls to zero if the price rises even a fraction of a cent. The consumer's demand curve is
A) horizontal and is perfectly inelastic. B) horizontal and is perfectly elastic. C) vertical and is perfectly elastic. D) downward sloping from higher prices down to $10 and then horizontal.
Under which type of market structure is the firm’s pricing decision the most difficult?
a. perfect competition b. monopoly c. monopolistic competition d. oligopoly
If mining companies are able to shift some of their production costs onto outside parties, the actual output of mines is likely to fall short of society's ideal
a. True b. False Indicate whether the statement is true or false