Indifference curves for perfect substitutes must be parallel lines with a slope of negative one
Indicate whether the statement is true or false
False. Indifference curves for perfect substitutes are parallel lines, but the slope is not necessarily negative one.
Economics
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The payroll tax is a tax imposed on ________ that is used to fund Social Security and Medicare
A) workers only B) employers only C) employers and workers D) the unemployed
Economics
The legislation which prohibited acquisition of stock of another company if this would significantly lessen competition is the:
A. Federal Trade Commission Act B. Clayton Act C. Celler-Kefauver Act D. Wheeler-Lea Act
Economics