Indirect taxes include all of the following except
A. sales taxes.
B. customs duties.
C. property taxes.
D. license fees.
Answer: C
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The funds used to buy and operate physical capital are
A) depreciation. B) financial capital. C) saving. D) wealth.
Which statement is true?
A. Frederic Bastiat's "Petition of the Candlemakers to Shut Out the Sun" was a plea for free trade. B. Frederic Bastiat's "Petition of the Candlemakers to Shut Out the Sun" was a plea for protection. C. Dollars are used for all international transactions. D. None of these statements are true.
The efforts to revive the economy in 2009 through the stimulus package is an example of
A. the traditional tools of monetary policy. B. discretionary fiscal policy. C. new tools of monetary policy. D. all of the options are correct.
When the price of a perfectly competitive firm's output rises:
A. the firm will produce more. B. the firm's marginal cost curve will shift to the left. C. the firm's marginal cost curve will shift to the right. D. the firm will produce less.