The incidence of the tax between buyers and sellers depends only on the elasticity of demand
Indicate whether the statement is true or false
FALSE
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Refer to Figure 17-2. Suppose the Fed used expansionary policy to push short-run equilibrium to point B. If the short-run equilibrium remained at point B long enough,
A) the economy would move back to point A. B) the short-run Phillips curve would shift down. C) the economy would stay at point B in the long run. D) the short-run Phillips curve would shift up.
A.B. Denson Company had been employing 6 workers and 8 tons of raw materials, using 2,000 square feet of plant space. The firm increased its work force to 12 workers utilizing 16 tons of raw materials in a plant space increased to 4,000 square feet. Total number of units of output increased from 78 to 160 . What kind of returns to scale is the firm experiencing? Defend your answer
Which of the following would be a protective function of government?
a. legal enforcement of contracts and rules against fraud b. undertaking income redistribution c. providing national parks d. providing a stable monetary system
When a corporation uses profits to pay for the purchase of new capital equipment, this is known as
A. dividend. B. a coupon payment. C. reinvestment. D. collusion.