Comparing total taxes as a percentage of GDP in the United States to Western European countries, such as the France, Norway, and Sweden,
A. U.S. taxation is smaller.
B. U.S. taxation is about the same.
C. U.S. taxation is slightly larger.
D. U.S. taxation is substantially larger.
Answer: A
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Suppose the extra cost to a pet store of advertising one additional day each week in the local newspaper is $450
Then, the pet store should advertize that one additional day each week if doing so brings in additional revenue of $450 or more each week. Indicate whether the statement is true or false
Explain using welfare measures whether consumers prefer a single price monopoly or a perfect-price-discriminating monopoly
What will be an ideal response?
In reality, all economic systems are
A. mixed. B. capitalistic. C. democratic. D. socialistic.
According to Keynes, the effect on planned real investment spending resulting from the interest-rate impact of a decrease in the money supply
A. impacts the economy by increasing the deficit. B. impacts the economy by reducing the value of the U.S. dollar. C. impacts the economy through the multiplier. D. does not impact the economy.