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