Which of the following serves as money in many federal prisons in the United States these days?

a. Postage stamps
b. Energy bars
c. Plastic-and-foil pouches of mackerel
d. Cans of tuna
e. Cigarettes


c

Economics

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The relative tax burden borne by buyers and sellers is called the:

A. tax wedge. B. tax incidence. C. tax revenue. D. real tax.

Economics

All of the following are costs of unemployment EXCEPT:

A. lost self-esteem. B. lost leisure time. C. lost tax revenue. D. lost income.

Economics

If all firms in an industry are price-takers, then:

What will be an ideal response?

Economics

Which of the following is TRUE of an oligopoly?

A. They do not react to actions of their competitors. B. Each firm produces a small portion of the total output. C. They engage in nonprice competition. D. Firms do not care what their competitors do.

Economics