The government in the country of Zappoo is trying to decide which tax plan to implement. The table above shows three alternative plans. If the government decides to implement a progressive income tax, it will implement tax plan ________

Which of the following statements is true of the U.S.?

A) There is more value in trade between states in the U.S. than its international trade. B) The U.S. has always been a net exporter of goods and services. C) The U.S. exports more crude oil than it imports. D) The level of imports of the U.S. has dramatically decreased since 1960.

In a Bertrand model, market power is a function of

A) marginal cost. B) the number of firms. C) price elasticity of supply. D) product differentiation.