When corporate income taxes are increased on competitive industries, the increase _____
a. will have the largest effect on firms with elastic demands
b. will have the largest effect on firms with inelastic demands
c. will be evenly distributed between stockholders and customers
d. will have zero effect
a
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Tom's consumption possibilities is defined by
A) his income and the prices of the goods that he consumes. B) his preferences for consumption of the goods that he consumes. C) the prices of the goods that he consumes only. D) his income only.
Explain how a model can be useful even if it is not realistic
What will be an ideal response?
An increase in the actual price level does not shift the short-run aggregate supply curve, but an expected increase in the price level shifts the short-run aggregate supply curve to the left
a. True b. False Indicate whether the statement is true or false
A rise in the value of a currency is called a(n):
A. depreciation. B. appreciation. C. consolation. D. integration.