All of the following at one time had control over an essential resource that served as a barrier to entry except
A. DeBeer's Diamond Company.
B. Standard Oil Company.
C. International Nickel Company of Canada.
D. IBM.
D. IBM.
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If net exports increases, but neither government expenditure nor net taxes change, saving must increase
Indicate whether the statement is true or false
Leakages are
a. negative tax revenues b. government spending on nonessential goods and services c. amounts of income earned, but not spent, by the household sector during a given year d. a sign that an economy's total output is excessive e. sums spent by sectors other than households
Does a competitive firm have the ability to influence the quantity of output it supplies? Does it have the ability to influence its average revenue?
Which of the following statements is TRUE of static tax analysis?
A. A government cannot change it tax revenues by changing the tax rate. B. A government receives lower tax revenues by raising the tax rate. C. A change in the tax rate can raise or lower tax revenues, depending on other factors. D. A government receives higher tax revenues by raising the tax rate.