Microeconomics

Which of the following is a regressive tax? a. A state tax of 5 percent of income. b. A local ...

Started by Haya94

Suppose that country X can produce 1,000 pounds of flour per hour, or catch 500 pounds of fish per ...

Started by jenna1

Demand-pull inflationary pressure increases as the economy approaches full employment. a. True b. ...

Started by penza

Generally, most economists feel that a sales tax is: a. regressive. b. proportional. c. ...

Started by Jipu 123

Suppose that the Zubians can produce 1000 pounds of flour per hours, or catch 500 pounds of fish per ...

Started by MGLQZ

Cost-push inflation is a result of an increase in the per unit costs of production. a. True b. ...

Started by drink

Comparative advantage explains why a nation will benefit from trade when: a. it exports more than ...

Started by sc00by25

Cost-push inflation happens when technological innovation unexpectedly lowers the cost of ...

Started by ahriuashd

If a tax rate falls as a person's income rises, the tax is a: a. proportional tax. b. progressive ...

Started by leo leo

Comparative advantage indicates that: a. specialization and exchange will cause trading partners to ...

Started by Alainaaa8

What are some criticisms of the CPI as a measure of inflation?[br][br][b][color=#A83E49]Question ...

Started by bobypop

A tax is proportional if, as a person's income rises, the: a. tax rate is constant. b. tax rate ...

Started by fasfsadfdsfa

If the United States were to adopt a policy of free trade with European countries and Japan, this ...

Started by Alygatorr01285

Who is hurt and who benefits from inflation? Why?[br][br][b][color=#FA1639]Question ...

Started by fnuegbu

According to Say's law, there cannot be overproduction of goods and services because: a. planned ...

Started by jerry coleman

If a person is taxed 100 on an income of 1,000 . taxed 220 on an income of 2,000 . and taxed 390 on ...

Started by CORALGRILL2014

In a two good, two-country world, a country has a comparative advantage in any good for which it has ...

Started by sdfghj

The popular theory prior to the Great Depression that the economy will automatically adjust to ...

Started by Melani1276

A tax system in which the tax rate on everyone's first 10,000 of income is 10 percent, the tax rate ...

Started by jake

A nation benefits from international trade if it: a. exports more than it imports. b. imports more ...

Started by EAugust

Classical economic theory predicted that in the long run the economy would experience: a. below ...

Started by justinmsk

When the government levies a tax where everyone is taxed the same fixed percentage of their incomes, ...

Started by fox

According to the principle of comparative advantage, total output and consumption levels will be ...

Started by dalyningkenk

Classical economists believe that: a. wage ,price, and interest rates are inflexible. b. wage, ...

Started by 2125004343

A tax for which the rate varies directly with the income of the person taxed is known as a(n): a. ...

Started by imanialler