The negative slope of the demand curve reflects the
a. positive relationship between price and quantity
b. proportional relationship between price and quantity
c. inverse relationship between price and quantity
d. positive relationship between income and quantity
e. inverse relationship between income and price
C
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Consider the following statements when answering this question I. It is impossible to shift taxes from producers to consumers without hurting the latter. II. Only polluters pay (through production taxes) for the environmental damage they cause
A) I and II are true. B) I is true, and II is false. C) I is false, and II is true. D) I and II are false.
Lower levels of education and training are often associated with low levels of
a. production. b. productivity. c. inflation. d. both a and b.