Comparing individuals taxes paid in one year with their incomes paid that year is likely to _____
a. overstate the progressive nature of the tax system
b. overstate the regressive nature of the tax system
c. understate the progressive nature of the tax system
d. overstate the regressive nature of the tax system
b
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If average labor productivity decreases while population and the number of employed workers remain constant, then total output:
A. increases. B. decreases. C. may increase or decrease. D. remains constant.
A manager invests $400,00 . in a technology to reduce overall costs of production. The company managed to reduce their cost per unit from $2 to $1.85 . Ceteris peribus, if the firm continues its production in the same economic environment, the firms accounting profits should
a. increase b. decrease c. stay the same d. does not affect profits
When there is an increase in the real interest rate in Japan, the Japanese yen will depreciate
a. True b. False Indicate whether the statement is true or false
The market for Pandas needed in zoos worldwide is an example of a monopoly created by what type of barrier?
a. license b. economies of scale c. control of an essential resource d. none of the above, the market for pandas is not a monopoly