The U.S. tax system currently levies taxes on unrealized capital gains
a. True b. False
b
Economics
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Demand for cigarettes is
A. relatively elastic. B. relatively inelastic. C. increasing in the U.S. D. greater among wealthier people.
Economics
Suppose the population falls by 1 percent. For the standard of living to rise
a. nominal GDP can fall by as much as 1 percent b. nominal GDP must grow by at least 1 percent c. real GDP must grow by at least 1 percent d. real GDP must fall by at least 1 percent e. nominal GDP must fall by more than 1 percent
Economics
A profit-maximizing monopolist will always set price equal to marginal cost.
Answer the following statement true (T) or false (F)
Economics
What are the two components of federal spending?
What will be an ideal response?
Economics