a. sales tax. b. excise tax. c. license fee. d. all of these.
d
Which of the following statements is TRUE?
A) APC + APS = 1 B) APC + APS < 1 C) APC + MPS = 1 D) APC + APS + MPC + MPS = 1
Explain the idea of capital investment by using the story of Robinson Crusoe. What is sacrificed, and what is gained?