The tax burden in the United States, measured as a percentage of GDP, represents a much larger share spend compared to most other industrialized nations.
Answer the following statement true (T) or false (F)
False
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From the table above, which gives data about the U.S. labor market in 1933, the labor force is
A) 48 million. B) 60 million. C) 65 million. D) 100 million. E) 12 million.
A decrease in the quantity of available resources would be represented by:
a. a steeper PPC. b. a point inside the PPC. c. an inward shift of the PPC. d. an upward movement along the PPC. e. a downward movement along the PPC.
Brinley says that "gas prices are rising because there aren't enough oil refineries." Katie argues that "gas prices are rising because of the growing demand for gasoline from China and India." We can conclude that:
A. Brinley's statement is positive; Katie's statement is normative. B. Brinley's statement is normative; Katie's statement is positive. C. Both statements are positive. D. Both statements are normative.
The equation TR/Q is used to compute
A. marginal revenue. B. demand. C. total cost. D. average revenue.