A tax on sellers usually causes buyers to pay more for the good and sellers to receive less for the good than they did before the tax was levied
a. True
b. False
Indicate whether the statement is true or false
True
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The Utah Pie case is an example of a violation of the Celler-Kefauver Act
a. True b. False Indicate whether the statement is true or false
If Sally Smith creates VCU1 by playing an online game, the effect is to cause the nation's:
a. Monetary base to fall. b. M2 money supply to fall. c. M2 money multiplier to remain the same. d. M2 money supply to rise.
Early developers within a given industry benefit from economies of scale, in that they are able to
a. produce larger volumes at a lower cost. b. shape the product based on what the consumer wants. c. avoid competition by creating a monopoly. d. start big instead of having to start small.
A high school dropout with poor work habits, little experience, and no vocational training, who has been out of work for three years but is actively seeking employment, would be _____ unemployed.
A. Frictionally B. Structurally C. Cyclically