Automated production methods are only attractive when they

a. reduce labor productivity.
b. replace workers.
c. decrease per-unit costs of production.
d. lower wages.

C

Economics

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If the purpose of a tax is to raise revenue, it would be best for government to place the tax on which of the following goods?

a. a non-essential good, such as holiday travel b. a good whose demand curve is highly elastic c. a good that has several close substitutes d. a good whose demand curve is highly inelastic e. a good whose demand curve is unit elastic

Economics

Marginal utility is always a positive number

Indicate whether the statement is true or false

Economics