To an economist, a decrease in supply means a:
a. rightward shift of the supply curve
b. movement up along a supply curve.
c. leftward shift of the supply curve.
d. movement down along the supply curve.
d
Economics
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Which of the following displays these two characteristics: rivalry and excludability?
A) a pure private good B) a pure public good C) a club good D) a common pool resource
Economics
Another name for a "flat-rate tax" in which the same tax rate applies to all income earners is a
A) proportional tax. B) progressive tax. C) regressive tax. D) passive tax.
Economics