Chuck Stake never eats vegetables, although he can afford to buy them. According to the economic way of thinking, Chuck
A) must have a serious physiological aversion to vegetables.
B) was probably forced to eat them as a kid, and now hates them.
C) believes the additional benefits from eating vegetables are outweighed by the additional costs.
D) has studied economics enough to know that nobody needs to eat their vegetables.
C
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The labor-force participation rate shows the percentage of
A) non-institutionalized working-age people who are actually working or seeking employment. B) people not working, but who want to work. C) new entrants into the labor force. D) people who are not actively participating in meaningful economic activity.
What has been the main argument over recent efforts to replace the personal income tax with a value-added tax?
What will be an ideal response?