A tax levied on the value of physical assets such as land, or financial assets such as corporate stocks and bonds, is known as a(n)

a. corporate income tax
b. property tax
c. excise tax
d. unit tax
e. customs duty

B

Economics

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The marginal cost curves slope upward because of the principle of

A) decreasing marginal benefits. B) increasing marginal cost. C) increasing marginal benefits. D) decreasing marginal cost. E) decreasing total benefit.

Economics

In face of a negative supply shock, the Fed may avoid a rise in unemployment only if it is willing to increase the rate of inflation

Indicate whether the statement is true or false

Economics