If a state made a previously-illegal activity, such as gambling or prostitution, legal, then, other things equal, GDP
a. decreases.
b. increases.
c. doesn't change because both legal and illegal production are included in GDP.
d. doesn't change because these activities are never included in GDP.
b
Economics
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Taxes can be progressive, regressive, or proportional
What will be an ideal response?
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Average fixed cost:
A. equals marginal cost when average total cost is at its minimum. B. graphs as a U-shaped curve. C. declines continually as output increases. D. may be found for any output by adding average variable cost and average total cost.
Economics
Refer to the below table. What percentage of households made $35,000 or more?
A. 23
B. 35
C. 65
D. 77
Economics
Which of the following is true of sub-Saharan Africa?
What will be an ideal response?
Economics