A compensation structure that generates much higher pay rates for the top performers, while those whose productivity is only a little lower receive substantially less compensation, is called

Compared to a valued added tax, a sales tax is _____

a. easier to monitor b. easier to apply to investment goods c. harder to collect d. all of the above e. a and b

If a price is below equilibrium,

A. A shortage will cause the price to rise and the quantity supplied to increase. B. A surplus will cause the price to fall and the quantity supplied to increase. C. A surplus will cause the price to fall and the quantity supplied to decrease. D. A shortage will cause the price to fall and the quantity supplied to decrease.