A proportional tax charges the same percentage of income, regardless of the size of income
a. True
b. False
Indicate whether the statement is true or false
True
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Consumer surplus is
a. the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it. b. the amount a buyer is willing to pay for a good minus the cost of producing the good. c. the amount by which the quantity supplied of a good exceeds the quantity demanded of the good. d. a buyer's willingness to pay for a good plus the price of the good.
Why have social scientists accused economists of being imperialistic?
a. Economists in general are better paid than other scholars. b. The tools of economists are used in many different fields. c. Economists tend to have a superior attitude about their field. d. Politicians view economists as being more important than other scholars.
The domestic currency value of the return on a foreign investment when the foreign currency proceeds are sold in the forward market, is defined to be the
A) covered return. B) uncovered return. C) forward return. D) Both B and C.
An annual household income of $19,000 would not be in the lowest quintile in 2005
Indicate whether the statement is true or false