Which of the following taxes is most easily shifted?
A. a uniform tax on land
B. an income tax that allows for no deductions of exemptions
C. a retail sales tax
D. a tax on imported rice
Answer: D
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Which of the following will shift the supply curve for USB flash drives to the right?
A. an increase in the number of sellers B. an increase in consumers' incomes C. an increase in the cost of resources used to manufacture USB flash drives D. an increase in the number of buyers
An increase in the population and hence the supply of labor causes a
A) shortage of labor at the original real wage rate and the real wage rate will fall. B) surplus of labor at the original real wage rate and the real wage rate will rise. C) surplus of labor at the original real wage rate and the real wage rate will fall. D) shortage of labor at the original real wage rate and the real wage rate will rise.
If a monopolistically competitive firm earns $500,000 by selling 25,000 units of output, the price of its product is $25
a. True b. False Indicate whether the statement is true or false
As interest rates rise, spending decreases.
Answer the following statement true (T) or false (F)