A "flat tax" is another term for __________ tax
A) a progressive
B) a proportional
C) a regressive
D) the inflation
B
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Why do economists refer to the pricing strategies of oligopoly firms as a prisoner's dilemma game?
What will be an ideal response?
Which of the following must be true of a commodity for it to be used as money?
a) Its value must be easy to determine. b) It must not be divisible. c) It must not be durable. d) It must not be readily accepted by many people.
In Figure 24.1 total cost is represented by the area
A. CDFE. B. ABFE. C. ABGHE. D. ABDC.
Studies indicate that after the Civil War and up to the 1890s, farmers did not benefit from an improvement in their terms of trade between agriculture and manufacturing
However, they did benefit from a decline in transportation charges relative to farm prices. Indicate whether the statement is true or false