There is 5 percent average tax on imported goods in the United States. This tax is known as a(n) ________.

"The distribution of income should be determined by the government" is an example of a positive economic statement

Indicate whether the statement is true or false

Draw a two period budget line where the borrow/lending rate of interest, r, allows consumers to choose consumption in each of the two periods. C1 and C2 given their anticipated income on two periods, Y1 and Y2 . The vertical (C2) intercept is

a. b. c. d.