A specific tax:
A. is a fixed dollar amount that must be paid on each unit bought or sold.
B. is a tax that is stated as a percentage of the good's price.
C. is a tax that is stated as a percentage of the good's price, which increases as quantity bought increases.
D. is a tax that is only paid by producers.
A. is a fixed dollar amount that must be paid on each unit bought or sold.
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Which of the following mathematical expressions represents the equation of a straight line with a slope of zero at all points on a graph with Y on the vertical axis and X on the horizontal axis?
a. Y = a + X b. X = bY c. X = a d. Y = a
The percentage of U.S. workers in the private sector who belong to unions is currently
A. approximately 55 percent. B. approximately 25 percent. C. approximately 11 percent. D. greater than 70 percent.