The second largest source of revenue for the federal government is the
a. import tax.
b. payroll tax.
c. export tax.
d. federal property tax.
b
Economics
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The demand for a service like medical care
a. decreases as income increases, indicating that medical care is an inferior good b. is completely insensitive to price; that is, demand is perfectly inelastic c. is perfectly elastic d. is sensitive to the time component of cost e. varies directly with the price of that care
Economics
If there is the legitimate threat of entry into a market, then the market is said to be:
A. perfectly competitive. B. contestable. C. secure. D. reactive.
Economics