A compulsory payment to government that is generally linked to engaging in some activity is referred to as a

A) tax.
B) subsidy.
C) deadweight loss.
D) quota.

A

Economics

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Which of the following groups lists the four factors of production?

A) labor, capital, land, entrepreneurship B) labor, capital, land, money C) labor, money, land, entrepreneurship D) labor, capital, money, entrepreneurship

Economics

According to the Law of Demand, the demand curve for a good will

A) shift leftward when the price of the good increases. B) shift rightward when the price of the good increases. C) slope downward. D) slope upward.

Economics