A sales tax on sellers of a good shifts the demand curve leftward because the tax raises the price that consumers must pay
Indicate whether the statement is true or false
FALSE
Economics
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Whenever prices are rising, the inflation rate is rising
a. True b. False
Economics
If government debt is an external debt, the debt burden cannot be passed on to future generations
Indicate whether the statement is true or false
Economics
Economists assume that households try to maximize utility and firms try to:
a. maximize profits. b. maximize scale of operation. c. maximize sales. d. maximize capital usage.
Economics
Persons who have given up looking for work are classified as
A. unemployed. B. discouraged workers. C. in the labor force. D. temporarily unemployed.
Economics