A flat-rate tax assessed on property or other financial assets such as stocks and bonds is a(n)
a. asset tax
b. physical tax
c. ownership tax
d. proportional tax
e. excise tax
D
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Use the following graph for a competitive market to answer the question below.
A black market where the price is $2.00 could result from a price
A. ceiling set at $2.50. B. floor set at $2.00. C. floor set at $1.50. D. ceiling set at $1.50.
When you work to support your lifestyle, you are making a tradeoff
a. True b. False Indicate whether the statement is true or false
The quantity of one good that is given up to produce another is defined to be its
a. market value b. opportunity cost c. relative cost d. absolute cost e. nominal cost
The growth rates of actual and potential GDP
a. are similar in both the short and long run. b. are similar in the short run but not the long run. c. are similar in the long run but not the short run. d. are different in both the short and long run.