Which country was known to have had a one child policy to reduce their population? 1. North Korea 2. Cuba 3. Russia 4. China

When a business is operating by accepting only cash payments to avoid paying taxes they are part of the _________ economy.

What is the situation with face masks? 1. they were first elastic in supply and are now inelastic 2. they were first inelastic in supply and are now elastic 3. they were always inelastic in supply 4. they were always elastic in supply

Income Tax rate $0 to $40,000 25% $40,000 to $100,000 40% Over $100,000 60% What is your effective tax rate if you earned $100,000? 1. 25% 2. 30% 3. 42% 4. 34%

The table below contains data for the country of Batterland, which produces only waffles and pancakes. The base year is 2013.   Year Price of Waffles Quantity of Waffles Price of Pancakes Quantity of Pancakes 2010 $2.00 80 $1.00 100 2011 $2.00 100 $2.00 120 2012 $2.00 120 $3.00 150 2013 $4.00 150 $3.00 200   In 2010, this country’s nominal GDP was $260. $440. $620. $760.

What are economists general view on foreign aid? 1. It works for most countries but only up to a certain extent 2. It benefits the country who gives money more than the one that receives 3. It is essential for very poor countries  4. It generally does not help the poor countries in the long term

According to video on libertarians, how would they raise taxes? There would be no need for any taxation  Threaten people with jail time               Create a blacklist of those who do not pay             They would raise the tax rates on the rich

If Mexico has a GDP growth rate of 10% and there GDP was $1 Trillion in 2016, when will there countries GDP go up to $2 trillion   2023 2027     2030     2032

If the price elasticity of supply is zero, then   the supply curve is flat the quantity supplied is the same, regardless of price a change in demand will cause a relatively small change in the equilibrium supply is more elastic than it is in any other case

A cigarette tax can be considered to be _________ because it taxes those who have less income more than those with more income.