When government increases a fixed tax, consumption schedule
a. shifts downward in a parallel manner.
b. shifts upward in a parallel manner.
c. becomes horizontal.
d. becomes vertical.
a
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What is Total Quality Management (TQM)?
A) a philosophy of supplying customers with superior products and services B) an exchange of information with suppliers and customers to create efficient and effective processes C) a software system that integrates a company's functions, departments, and data into a single system D) a system that speeds the transformation of raw materials into finished products
Some economists believe that corporate bailouts are bad for the economy because they ________________ gains and they _____________ the costs, which ultimately lead to _____________ companies needing to be bailed out
A) privatize; socialize; fewer B) socialize; privatize; fewer C) privatize; socialize; more D) socialize; privatize; more
The function a decision maker seeks to maximize or minimize is the ________ function.
A. marginal B. decision-making C. optimal D. objective E. none of the above
Economics:
A. is the science of the rich. B. has nothing to do with the allocation of resources. C. exists because of scarcity. D. is not related to decision making.