Most less-developed countries have a very low percentage of population under the age of 15
Indicate whether the statement is true or false
F
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The federal government receives most of its revenue from personal income taxes and payroll taxes.
Answer the following statement true (T) or false (F)
The term "capitalism" refers to which of the following?
a. A religion based on amassing capital. b. An economic system characterized by private ownership of resources, and decentralized market allocation. c. An economic system characterized by government ownership of resources and centralized allocation. d. None of the above answers are correct.
If a firm buys a delivery van for $18,000 and can resell it in 2 years for $7,500, the sunk cost is
A) $10,500. B) $7,500. C) $18,000. D) $0.
If the dollar appreciates relative to the yen, we would expect:
a. that the Japanese trade surplus with the United States would increase. b. that Japanese imports from the United States would decrease c. that Japanese exports to the United States would decrease. d. both (a) and (b)