If a good or service has only one seller, then the seller is called a monopoly
a. True
b. False
Indicate whether the statement is true or false
True
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Among a set of alternatives with the same benefits, an individual is said to optimize if she chooses an alternative that:
A) has the lowest total cost. B) has the highest total cost. C) has the highest indirect cost. D) has the lowest opportunity cost.
How is tax incidence important in tax policy in developing countries?
What will be an ideal response?
All of the following concerns have been raised about crowd funding EXCEPT:
A) possibility of fraud B) lack of liquidity C) information costs D) limits access to funds for business start ups
A tax collects $3,000 per year from a family with an income of $25,000 and takes $4,000 per year from a family with an income of $50,000 . This tax plan is
a. regressive b. proportional c. progressive d. based on the ability-to-pay principle e. impossible to determine with the information provided