Scarcity is a problem:
a. because human wants are unlimited while resources are limited.
b. only in industrialized economies.
c. of the poor, but not the rich.
d. measured by the amount of goods available.
a. because human wants are unlimited while resources are limited.
Economics
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A progressive income tax means the percentage of income paid in taxes decreases as income increases
a. True b. False Indicate whether the statement is true or false
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Many public choice economists believe that elected political officials would make better choices if they had to vote for higher taxes in order to adopt new spending programs
a. True b. False Indicate whether the statement is true or false
Economics