The base year is the year:
A. in which prices are unstable.
B. in which prices are highest.
C. in which prices are lowest.
D. that serves as a reference point or benchmark.
Answer: D
Economics
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If the tax system is made more progressive, the pre-tax wages of low-income workers would _____
a. fall b. rise c. stay constant d. rise or fall depending upon job market conditions
Economics
When grocery stores issue special discount membership cards for shoppers effectively offering different prices based on quantities consumed, this is an example of
A) price discrimination. B) price differentiation. C) product differentiation. D) patent protection.
Economics