________ argued for a tax on consumption instead of on income because the standard of living depends not on income, but on how much is consumed.
A. Irving Fisher
B. Thomas Hobbes
C. John Rawls
D. Ben Bernanke
Answer: B
You might also like to view...
If 25 workers can pick 100 flats of strawberries per hour, then average product is
A) 100 flats per hour. B) 125 flats per hour. C) 75 flats per hour. D) 4 flats per hour. E) More information is needed about how many flats 24 workers can pick.
The above figure shows the U.S. market for chocolate. With no international trade, consumer surplus is equal to ________ and producer surplus is equal to ________
A) area A + area B + area C + area D; area E B) area B + area C + area D; area A + area E C) area A; area E D) area C + area D; area B + area E E) area E; area A + area B + area C + area D
Which one of the following is the largest component of the money supply (M1) in the United States?
a. demand and other checking deposits b. gold certificates c. credit cards and traveler's checks d. Federal Reserve notes
The lowest rate of output per unit of time at which long-run average costs for a particular firm are at a minimum is
A. economies of scale. B. diseconomies of scale. C. minimum efficient scale. D. constant returns of scale.