If everyone were taxed the same absolute amount, say $500, this tax would be considered
a. progressive
b. a unit tax
c. regressive
d. excise
e. cooperative
C
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When employment discrimination results from the personal prejudices of employers, economic theory suggests that
a. competitive forces will tend to reduce discrimination. b. the wages of employees who are discriminated against will rise. c. an employer who discriminates will have the same costs as those who do not discriminate. d. discrimination by an employer will reduce production costs since the employer can pay lower wages.
For an economy that engages in international trade, GDP is divided into four components. Which of the following items is not one of those components?
a. consumption. b. national saving. c. government purchases. d. net exports.
A two-way network linking five users creates how many potential network connections?
A. 20 B. 30 C. 5 D. 10
Use the table below to answer the following question.UnitsMarket PriceMinimum Acceptable Price1$10$22104310641085101061014What is the value of producer surplus in the table above?
A. $6 B. $20 C. $54 D. $12