Examples of indirect taxes are
a. income taxes levied by some states.
b. sales taxes and property taxes.
c. poll taxes.
d. corporate profits taxes.
b
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Auto workers negotiate a wage increase. How does this wage hike affect the supply of cars?
A) It decreases the supply. B) It increase the supply. C) It has no effect. D) There is not enough information to tell if the change increases, decreases, or has no effect on the supply of cars.
Which curve intersects the AVC curve at its minimum point?
A) the MC curve B) the ATC curve C) the AFC curve D) the MP curve
Cash welfare is now much less of a national program
Indicate whether the statement is true or false
Unions can increase labor productivity by
A) maximizing the number of workers in the union. B) reducing the supply of workers over time. C) reducing conflicts between workers and management. D) reducing the quantity of poorly made imports into the country.