Certain countries remain backward because they nurture superstition and are suspicious of new technology. This argument is based on the:

According to Okun's law, if the cyclical unemployment rate increases by 3 percentage points, real GDP growth will decrease by about 3 percentage points

Indicate whether the statement is true or false

(Consider This) Proponents of a value-added tax (VAT) claim that a VAT:

A. is progressive, leading to a more equitable distribution of income. B. equalizes the tax burden between buyers and sellers of goods. C. is proportional, so all income groups pay a fair share. D. penalizes consumption and encourages savings and investment.