The Federal Open Market Committee usually meets ________ times a year
A) four
B) six
C) eight
D) twelve
C
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Ad valorem taxation means
A) that only the value added by a service provider is taxed. B) that the tax rate is a percentage of the price paid for a product. C) a negative income tax. D) a progressive property tax imposed in some states.
Julia can fix a meal in 1 hour, and her opportunity cost of one hour is $50 . Jacque can fix the same kind of meal in 2 hours, and his opportunity cost of one hour is $20 . Will both Julia and Jacque be better off if she pays him $45 per meal to fix her meals? Explain
If all resources were perfectly adaptable for alternative uses, the production possibilities curve would
A. be a straight line. B. be bowed out. C. be a loop. D. not exist.
Which of the following countries had the highest per capita income in 2010?
A. China B. United States C. Japan D. Germany