A unit tax is a fixed amount per unit of a commodity sold.
A. True
B. False
C. Uncertain
A. True
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Refer to Figure 19-3. Which of the following is not true?
A) Thai exports to the United States are more expensive at exchange rates greater than $.03/baht than at the equilibrium exchange rate. B) The baht is overvalued at exchange rates greater than $.03/baht. C) To achieve an exchange rate greater than $.03/baht, the Bank of Thailand must buy surplus dollars with bahts. D) Thai imports from the United States are cheaper at exchange rates greater than $.03/baht than at the equilibrium exchange rate.
The goal of the consumer price index is to gauge how much incomes must rise to maintain a constant standard of living
a. True b. False Indicate whether the statement is true or false
The wage paid to labor should increase when:
a. the capital/labor ratio increases. b. the capital/labor ratio decreases. c. a country's labor force increases. d. a country's capital stock decreases.
________: the sum of all individual categories of production costs that do vary with the level of production
Fill in the blank(s) with correct word