The ability to shift a tax burden depends on the relative elasticities of demand and supply for the taxed commodity.
Answer the following statement true (T) or false (F)
True
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What does it mean for a loan to be in default?
A) when the borrower of the a loan fails to repay on schedule according to a loan contract, without the agreement of the lender B) when the borrower of a loan fails to repay on schedule according to a loan contract, with the agreement of the lender C) when the lender of a loan fails to supplies the full amount of a loan to the borrower D) when the lender of a loan supplies the full amount of a loan to a borrower without any promise of being repaid E) when the lender of a loan fails to offer the promised sum
The prices of telecommunications services have decreased due to productivity increases
a. True b. False Indicate whether the statement is true or false
What is a barter system? The drawbacks of this system are as follows:
What will be an ideal response?
A downward-sloping portion of a long-run average total cost curve is the result of:
A. economies of scale. B. diseconomies of scale. C. diminishing returns. D. the existence of fixed resources.