Compared to the poverty rate for blacks, the poverty rate for whites is a fraction of less than ______.
Fill in the blank(s) with the appropriate word(s).
1/3
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A tax that is based on the value of a good or service is an excise tax
a. True b. False
If pizza used to be produced in a perfectly competitive market, and now the pizza market has become a monopoly, we can expect:
a. less pizza to be sold at a higher price. b. more pizza to be sold at a higher price. c. less pizza to be sold at a lower price. d. more pizza to be sold at a lower price. e. the same amount of pizza to be sold at the same price.
How does total taxes as a percentage of GDP in the United States compare to those of Western European countries, such as the United Kingdom, Germany, 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.
A ________ line is a perfectly price elastic demand curve.
A. negatively sloped B. vertical C. positively sloped D. horizontal