Economies of scale are also called increasing returns to scale
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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A head tax applied to each person in the United States would
A. always be proportional. B. not significantly distort incentives to work. C. generally be a progressive tax. D. likely have significant shifting of tax incidence.
Economics
What is most affected by the expected rate or pace of economic growth?
A) investment spending B) government purchases C) unemployment D) exports
Economics
The most direct way in which money replaces barter is through its use as a
A) medium of exchange. B) recording device. C) store of value. D) unit of account.
Economics
Which of the following is not one of the general classifications of taxes?
A. Regressive. B. Progressive. C. Proportional. D. Gradual.
Economics