If the CPI was 132.5 at the end of last year and 140.2 at the end of this year, the inflation rate over these two years was

The price elasticity of demand between rifles and bullets is likely to be

a. negative, because the goods are complements b. positive, because the goods are complements c. negative, because the goods are substitutes d. positive, because the goods are substitutes e. 0, because the goods are not substitutes

Which of the following exemplifies regressive taxation?

a. U.S. income tax b. U.S. payroll taxes for Social Security c. Ad valorem tax d. Corporate tax