In the long run, the output is determined by

Which of the following taxes is most likely to be shifted?

a. a property tax on an owner-occupied residence b. a progressive income tax c. a flat-rate state income tax d. a general sales tax

Which of the following will enter as a credit in the U.S. balance of payments capital account?

a. the purchase of a Japanese automobile by a U.S. consumer b. the sale of Japanese electronics to an American c. the sale of an American baseball team to a Japanese industrialist d. the purchase of a Japanese electronics plant by an American industrialist