Remittances are used to fund housing and education for families left behind in the home countries.
Answer the following statement true (T) or false (F)
True
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The incidence of a tax pertains to:
A. the degree to which it alters the distribution of income. B. how easy it is to evade the tax. C. who actually bears the burden of a tax. D. the progressiveness or regressiveness of tax rates.
Suppose this table shows your demand schedule for Buffalo chicken wings. (a) What is your total utility from four wings? (b) What is your marginal utility from the fifth wing? (c) If the price is $.25, how much will your consumer surplus be?
Part-time workers who desire full-time employment are
A. Not part of the labor force and do not contribute to the unemployment statistic. B. Underemployed and contribute to the unemployment statistic. C. Underemployed but do not contribute to the unemployment statistic. D. Discouraged workers and contribute to the unemployment statistic.
Which of the following is the best example of a firm that competes in a monopolistically competitive market?
A) the U.S. Postal Service B) Microsoft C) a movie theater D) an automobile manufacturer