GDP is a measure of:
a. domestic production.
b. changes in the general level of prices.
c. material well-being.
d. social welfare.
a
Economics
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Which of the following is a regressive tax?
a. A state tax of 5 percent of income. b. A local sales tax of 5 percent. c. The federal individual income tax. d. A federal flat tax of 30 percent.
Economics
Aristotle writes, "What is common to many is taken least care of, for all men have greater regard for what is their own than for what they possess in common with others.". In this statement, Aristotle is referring to the free-rider problem that occurs when a person receives the benefit of a good without paying for it
a. True b. False Indicate whether the statement is true or false
Economics