Capital gains taxes are taxes on the profits from the rising market value of investments
a. True
b. False
Indicate whether the statement is true or false
True
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Agricultural price supports in the United States
A) harm U.S. consumers, U.S. taxpayers, and foreign farmers and creates a deadweight loss. B) benefit U.S. taxpayers, U.S. farmers, and U.S. consumers. C) create gains to U.S. farmers that are at least as large as losses to U.S. consumers. D) decrease the deadweight loss and improve market efficiency. E) None of the above answers is correct.
Firms in monopolistic competition maximize their profit by setting their price equal to their marginal revenue
Indicate whether the statement is true or false
In general, the marginal cost of avoiding an accident ________ as more actions are taken and the associated marginal cost curve is ________ sloping.
A) falls; upward B) rises; downward C) falls; downward D) rises; upward
That the money form should be homogeneous is another way of saying that all units of money should be
a. durable b. portable c. stable d. identical e. divisible