If the United States has an absolute advantage in producing computer components, it should export them worldwide

An income elasticity (Ey) of 2.0 indicates that for a ____ increase in income, ____ will increase by ____

a. one percent; quantity supplied; two units b. one unit; quantity supplied; two units c. one percent; quantity demanded; two percent d. one unit; quantity demanded; two units e. ten percent; quantity supplied; two percent

A lump-sum tax is:

A. a head tax. B. the most efficient form of taxation. C. a tax that charges the same amount to each taxpayer. D. All of these statements are true.