Taxes on sales of liquor, tobacco, and tires are examples of
A. direct taxes.
B. excise taxes.
C. progressive taxation.
D. loopholes.
Answer: B
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I buy 100 shares of stock at $2 a share, with $100 of my own money. I borrow another $100 at 10 percent interest. The share price stays constant at $2. My rate of return is approximately:
A. 0 percent. B. ?10 percent. C. 2 percent. D. ?5 percent.
Which type of collective bargaining agreement requires workers to be union members prior to being considered for employment?
A. right-to-work B. open shop C. union shop D. closed shop
A change in technology that increases the marginal physical product of an input will: a. shift the input demand curve to the left
b. shift the input demand curve to the right. c. result in a movement down along the input demand curve. d. result in a movement up along the input demand curve.
The price elasticity of demand measures
A) changes in demand. B) how responsive market prices are to a change in demand. C) how responsive consumers are to a change in price. D) how responsive consumers are to a change in income.