Which of the following is an example of a direct tax?
a. sales tax
b. property tax
c. gasoline tax
d. income tax
d
Economics
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When the price of compact disc players decreases, the demand for compact discs rises while the demand for cassette tapes decreases. What does this imply about the relationship between compact disc players, compact discs, and cassette tapes?
What will be an ideal response?
Economics
Excluding foreign competition, which of the following is an oligopoly in the United States?
a. The computer industry. b. The automobile industry. c. The steel industry. d. All of these are oligopolies.
Economics