Economists generally think that the ____ tax is among the best ways to raise revenue.

A. property
B. personal income
C. sales
D. value-added

Answer: B

Economics

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Refer to Table 2-15. Which of the following statements is true?

A) Jack has a comparative advantage in lawn mowing and George in garden cultivating. B) Jack has a comparative advantage in garden cultivating and George in lawn mowing. C) George has a comparative advantage in both tasks. D) Jack has a comparative advantage in both tasks.

Economics

An increase in aggregate demand is most likely to result in

a. inflation. b. recession. c. economic stagnation. d. a decrease in real GDP.

Economics