A tax reduction shifts the consumption schedule downward

a. True
b. False
Indicate whether the statement is true or false


False

Economics

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If the best surgeon in town is also the best at cleaning swimming pools, then according to economic reasoning, this person should

A) split his time evenly between being a surgeon and cleaning swimming pools. B) pursue the activity he enjoys more. C) specialize in being a surgeon because its opportunity cost is lower. D) specialize in cleaning swimming pools because it is more labor-intensive.

Economics

Political stability is not a prerequisite to economic growth

Indicate whether the statement is true or false

Economics

Total surplus increases under monopoly when compared to perfect competition.

a. true b. false

Economics

Amount of a good or service that buyers are willing and able to purchase at the current price

What will be an ideal response?

Economics