If the federal government imposes a new tax on golf clubs, that tax
A) encourages people to take up golf.
B) encourages people to buy more golf balls.
C) encourages fewer people to play golf.
D) discourages people from switching from playing tennis to playing golf.
C
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Identify some of the basic assumptions of monopoly
If income were distributed equally our economic _________ would suffer.
Fill in the blank(s) with the appropriate word(s).
An economy in which output has decreased and prices have increased would suggest that there has been a:
A. negative demand side shock. B. negative supply side shock. C. positive demand side shock. D. positive supply side shock.
If the employment-population ratio in 2015 was at the same level as it was in 2006,
A) the same number of people would have been working in 2015 as were working in 2006. B) the number of employed people in 2015 would not have been different. C) an additional 8 million people would have been working in 2015 than actually were. D) 3.5 million fewer people would have been working in 2015 than actually were.