When a unit tax is placed on suppliers _____
a. it will have the same effect as a twice as large excise tax placed on demanders
b. it will have the same effect as a similar unit tax placed on demanders
c. they will be able to shift the entire tax onto their resource suppliers
d. they will be able to force demanders to pay the tax to the government
b
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Suppose a new employee is promised a pension payment of $8000 in the twenty-fourth year after joining the firm. The current pension contribution is $1200 a year. Assuming a six percent rate of return, their pension plan is said to be
A) fully funded. B) partly funded. C) unfunded. D) fully vested.
The relationship between the inputs employed by a firm and the maximum output it can produce with those inputs is called the firm's
A) total factor productivity. B) marginal production level. C) technological ratio. D) production function.
U.S. casinos employ about ________ people.
A. 10 million B. 340,000 C. 37,000 D. 1 million
In analyzing human decision and action, economists assume that
A. there are no scarce resources in the economy. B. people's behavior reflects rational self-interest. C. scarcity is more important than choice. D. costs are more important than benefits.