Taxes on specific goods such as gasoline and alcoholic beverages are called
a. excise taxes.
b. payroll taxes.
c. sales taxes.
d. social insurance taxes.
a
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The demand curve faced by a perfectly competitive firm is:
a. perfectly inelastic. b. relatively elastic. c. unit elastic. d. perfectly elastic. e. relatively inelastic.
Which one of the following institutions manages Ireland's monetary policy?
(a) The Federal Reserve Bank in America. (b) The Bank of England. (c) The European Central Bank in Frankfurt. (d) The Bank of Ireland.
Which of the following measures does not help promote technological progress?
(A) Reducing the scale of the market for a new product. (B) Training programs for workers. (C) Increased wages for researchers. (D) Issuing a patent to a company that invents a new product.
Why does our government enforce antitrust legislation?
A. because monopolies are known to be unfair to their stockholders B. because the government wants to create competition in markets in the interests of promoting efficiency C. because the government wants to create competition in markets in the interests of promoting an equal distribution of income D. because monopolies are known to be unfair to their employees