Roughly what was the change in Chile's per capita GDP between 1960 and 2011?
A) 2.65%
B) 26.5%
C) 265%
D) 2,650%
C
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In a world with saving, making an income tax a consumption tax would require the tax base to be _____
a. income b. income minus savings c. consumption plus investment d. comprehensive
Which of the following is FALSE about firms organized along functional lines?
a. Workers develop functional expertise b. Workers can easily share information within their division c. They foster the exploitation of economies of scale d. None of the above
The distribution of income in developed countries is less egalitarian than less developed countries
a. True b. False Indicate whether the statement is true or false
Suppose that 1000 identical sellers each set their profit-maximizing output level at 18 units when price equals $10. Then what is market quantity supplied at a price of $10?
A. 100. B. 1,000. C. 10,000. D. 18,000.