_____occurs when the burden of a tax statutorily placed on one party is borne by another party
a. Tax shifting
b. Tax evasion
c. Tax avoidance
d. Tax amnesty
a
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In Commonwealth v. Hunt (1842) the Supreme Court of Massachusetts
a. established a legal minimum wage in manufacturing. b. ruled that union members have the right to strike and push for a closed shop. c. found the Boston Bootmakers' Society guilty of unlawful conspiracy. d. established the 10-hour day as the legal maximum in manufacturing. e. All of the above.
Identify the correct statement about the effect of an expansionary monetary policy in an economy
a. It results in an increase in real gross domestic product in the short run and inflation in the long run. b. It results in a decrease in real gross domestic product in the short run and inflation in the long run. c. It results in an increase in real gross domestic product in the short run and deflation in the long run. d. It results in a decrease in real gross domestic product in the short run and deflation in the long run.
In his 1951 book Social Choice and Individual Values, Arrow's perfect voting system satisfies all of the following properties except
a. unanimity. b. transitivity. c. reflexivity. d. independence of irrelevant alternatives.
If the price of a fixed factor of production increases by 50 percent, what effect would this have on the marginal-cost schedule facing a firm?
A. None, because fixed costs do not affect marginal cost B. Marginal cost would increase by 50 percent C. Marginal cost would increase by less than 50 percent D. Marginal cost would increase by more than 50 percent