Local governments rely almost exclusively upon sales taxes for revenue
Indicate whether the statement is true or false
F
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In the above figure, a change in quantity supplied with unchanged supply is represented by a movement from
A) point a to point e. B) point b to point a. C) point e to point c. D) point b to point e.
Refer to Table 2-1. Assume Dina's Diner only produces sliders and hot wings. A combination of 40 sliders and 25 hot wings would appear
A) along Dina's production possibilities frontier. B) inside Dina's production possibilities frontier. C) outside Dina's production possibilities frontier. D) at the vertical intercept of Dina's production possibilities frontier.
Refer to the above table. At a price below $5, the absolute price elasticity of demand is
A) 1.0. B) below 1. C) between 0.8 and 1.0. D) greater than 1.
Prior to 1980, the Fed set an interest rate ________, a maximum limit, on the interest rate that could be paid on time deposits
A) floor B) ceiling C) wall D) window