"Increasing income tax rates will solve the Social Security time bomb issue" is an example of
A) business economic policy.
B) a positive economic statement.
C) marginal cost exceeding marginal benefit.
D) answering the "how" question.
E) globalization.
B
Economics
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The perpetual state of insufficiency of resources to satisfy people's unlimited wants is:
a. apparent only in poor countries. b. completely unrealistic. c. present in modern economies, but not in the past. d. the definition of scarcity.
Economics
Tax revenue is greater the more price elastic the demand curve
Indicate whether the statement is true or false
Economics