What word describes the goods and services that are used to produce outputs for a business?
A. Revenue
B. Inputs
C. Production
D. Cost
Answer: B
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_____ when net taxes are reduced.
What will be an ideal response?
Refer to Figure 14.2. A movement from point a to point d could be caused by a simultaneous ________ and ________.
A. increase in government spending; decrease in the price of oil B. increase in taxes; increase in the price of oil C. decrease in taxes; massive crop failure D. decrease in the money supply; decrease in government spending
Panel data is also called
A) longitudinal data. B) cross-sectional data. C) time series data. D) experimental data.
Antitrust laws allow the government to
a. collect revenues through the antitrust tax. b. break up companies. c. purchase privately-held companies through eminent domain. d. All of the above are correct.