WTO talks in the late 1990s led to openings in both financial services and telecommunications
Indicate whether the statement is true or false
TRUE
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The tax with the minimum excess burden of taxation is most desirable from an efficiency standpoint because _____
a. it suggest that people substituted away from the tax by a considerable amount b. it minimizes tax shifting c. it produces the least social cost per dollar of revenue raised d. it will raise the most revenue for government
The present value of an asset and the rate of interest
a. are not related b. are related inversely c. cannot change in opposite directions d. are equivalent e. are directly related
The threat of confiscated private property diminishes the incentive to invest
a. True b. False Indicate whether the statement is true or false
Exhibit 7-16 Short-run cost curves for a competitive firm
?
In Exhibit 7-16, the firm should shut down in the short run if the market price of its product falls below:
A. $20 per unit. B. $30 per unit. C. $50 per unit. D. $80 per unit.