An example of a consumption tax is

A) an income tax. B) transfer payments.
C) the Social Security tax. D) a sales tax.

D

Economics

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In Sewei's lawnmowing business, in order to produce each mowed lawn, Sewei must hire exactly one unit of capital (a lawnmower) and exactly one unit of labor. Describe the elasticity of substitution between labor and capital

What will be an ideal response?

Economics

Unlimited liability exists when

A) the profits of the firm are taxed once. B) a firm dissolves when the owner dies. C) a corporation exists. D) the personal assets of the owner of a firm can be seized to pay off the firm's debts.

Economics