The Haig-Simons definition of income
A. is measured over a given time.
B. measures an individual's power to consume.
C. is a net change measure.
D. all of these answer options are correct.
D. all of these answer options are correct.
Economics
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The demand and the supply for a good are each neither perfectly elastic nor perfectly inelastic. If a sales tax on sellers of the good is imposed, the tax is paid by
A) only buyers. B) only sellers. C) both buyers and sellers. D) neither buyers nor sellers.
Economics
The Sherman Act prohibited
A) collusive price agreements among rival sellers. B) setting price above marginal cost. C) marginal cost pricing. D) selling below average total cost.
Economics