In capitalism,
a. there is no competition
b. most property is privately owned
c. the government sets most prices
d. there is no freedom
Ans: b. most property is privately owned
Economics
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When plotted against the total output, what does the total fixed cost curve look like?
What will be an ideal response?
Economics
When a tax of $1.00 per gallon is imposed on sellers of gasoline, the supply curve for gasoline shifts upward, but by less than $1.00
a. True b. False Indicate whether the statement is true or false
Economics