With a tax, the reduction in total surplus is partially offset by the tax revenue

a. True
b. False
Indicate whether the statement is true or false


True

Economics

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Buyers and sellers receive signals from markets

A) by listening to the TV news programs. B) through the price system. C) from the gossip columns in the newspapers. D) from their friends and acquaintances.

Economics

Lack of formal training or education, by itself, is a very significant cause of poverty

Indicate whether the statement is true or false

Economics

The MRP of labor will shift to the right if

A) labor productivity increases. B) labor productivity decreases. C) wages increase. D) wages decrease.

Economics

If a female supervisor is discriminated against by one of her workers who refuses to cooperate, she may earn lower wages.

Answer the following statement true (T) or false (F)

Economics