Buyers and sellers rarely share the burden of a tax equally
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
People base their labor supply on the ________ because they care about ________
A) real wage; what their earnings will buy B) real wage; the equality of money wages and the price level C) money wage; a surplus of labor D) money wage; the amount of labor firms demand
The law of diminishing marginal utility indicates that the marginal utility curve is:
a. downward sloping. b. upward sloping. c. U-shaped. d. flat. e. vertical.
Depreciation refers to a decrease in the value of a good caused by
A) an increase in the price level. B) a decrease in the price level. C) "wear and tear" of capital goods over time. D) the depreciation allowance. E) a decrease in purchasing power.
If there is excess money supply, people will
a. deposit more into interest-bearing accounts, and the interest rate will fall. b. deposit more into interest-bearing accounts, and the interest rate will rise. c. withdraw money from interest-bearing accounts, and the interest rate will fall. d. withdraw money from interest-bearing accounts, and the interest rate will rise.