If Bob is taxed for each soda he buys, he faces a direct tax.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Economists point out that the strong inflow of undocumented workers to some extent reflects the:
A. Increasing return to capital in the United States B. Increasing scarcity of unskilled labor in other countries C. More lenient immigration laws D. Increasing scarcity of domestic unskilled labor in the United States
The monopsonistic employer hires more workers until marginal:
a. physical product is zero. b. revenue product equals marginal factor cost. c. revenue product equals the wage. d. physical product equals the wage. e. physical product equals marginal factor cost
Which of the following can be considered as an automatic stabilizer in the economy?
a. Real exchange rate b. Real interest rate c. Unemployment insurance d. Money supply e. Disposable income
Automatic stabilizers are government programs that:
A. exaggerate the ups and downs in aggregate demand without legislative action. B. bring expenditures and revenues automatically into balance without legislative action. C. shift the budget toward a deficit when the economy slows but shift it toward a surplus during an expansion. D. increase tax collections automatically during a recession.