Economists define the long run as any production time period ...

[kamilo84]

Economists define the long run as any production time period lasting over one year.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the tax rate remains the same as the base increases, the income tax structure is said to be:
 a. proportional.
 b. lump-sum.
 c. negatively skewed.
  d. progressive.
 e. regressive.

[Dominic]

Answer to Question 1

False

Answer to Question 2

a

[kamilo84]

Thank you

[Dominic]

Happy to help you