A teenaged babysitter is similar to a firm in a perfectly competitive industry in that, for both
A) average costs of production do not change when their industry expands.
B) fixed costs are lower than variable costs.
C) there are many other suppliers of similar goods or services.
D) the implicit costs of production exceed the explicit costs of production.
Question 2
According to the benefits-received principle of taxation
A) people in the same economic situation should bear an equal share of the tax burden.
B) the benefits of government programs such as national defense are shared equally by all people; therefore, the burden of paying for these programs should be shared equally.
C) because high-income individuals receive the most benefits from government programs, they should pay more taxes than lower-income individuals.
D) individuals who receive the benefits from a government program should pay the taxes that support the program.
Similar traits may not be homologous
Nanomaterials Applications and Industry Used
Competitive drug enzyme immunoassay.
People who share genes will often have similar body weights
Wages and Machines in the Textile Industry, 1910
Similar, But Not Related