Types of price discrimination practiced by post-bellum railroads included all of the following except:
a. varied rates based on passengers' gender.
b. varied rates based on town of origin.
c. higher rates per mile for short-hauls than for long-hauls.d varied rates based on passengers' occupation .
a. varied rates based on passenger's gender.
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The basis for trade is comparative advantage, not absolute advantage
Indicate whether the statement is true or false
Based on information provided in the textbook, which of the following statements is true regarding taxing millionaires and the budget deficit in 2012?
A) If the government had taxed all income earners who earned more than $1 million a 100 percent income tax rate, the budget deficit would have been completely eliminated, and a budget surplus would have been incurred. B) If the government had taxed all income earners who earned more than $1 million a 50 percent income tax rate, the budget deficit would have been completely eliminated. C) If the government had taxed all income earners who earned more than $1 million a 100 percent income tax rate, the budget deficit would have fallen but not been completely eliminated. D) If the government had taxed all income earners who earned more than $1 million a 100 percent income tax rate, the budget would have been balanced.