In 1789 the percentage of the average American's income that went to pay taxes was about
a. 5%. Today it is about 50%.
b. 5%. Today it is about 25%.
c. 50%. Today it is about 33%.
d. 25%. Today it is about 33%.
b
Economics
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The Consumer Price Index market basket contains
A) the goods and services that the economists working for the BLS believes consumers should buy. B) the U.S.-produced goods and services purchased by an average urban household. C) the minimal dietary requirements of an average urban household. D) the goods and services purchased by an average urban household. E) the ideal calorie intake of each member of an average urban household.
Economics
Producer surplus from a unit of output is the difference between the market price and the seller's cost of producing that unit
a. True b. False Indicate whether the statement is true or false
Economics