Who can determine the true cost of a tin whistle?
A) A good accountant
B) A good economist
C) A good tin whistle collector
D) Nobody
D
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For a tax to be successful, the tax base must be ¬¬¬_____
a. easy to measure and monitor b. large c. inelastic d. able to expand in times of crisis
Which of the following is correct? When expected leakages exceed expected injections, then:
a. Inventories rise, unemployment tends to rise, and prices tend to fall. b. Inventories rise, unemployment tends to fall, and prices tend to rise. c. Inventories fall, unemployment tends to rise, and prices tend to rise. d. It is impossible for these two to be unequal. e. The nation's economy expands.
Total surplus in a market is consumer surplus minus producer surplus
a. True b. False Indicate whether the statement is true or false
Which firm has higher fixed costs?
a. Jim's Production b. Competitor c. They both have the same fixed costs d. Need more information