ISBN: 9781260715651
BUSINESS STATISTICS:COMMUNICATING | 0th Edition - Solutions by Chapter
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the idea that taxes should be levied on a person according to how well that person can shoulder the burden
a mathematical result showing that, under certain assumed conditions, there is no scheme for aggregating individual preferences into a valid set of social preferences
fixed cost divided by the quantity of output
a shortfall of tax revenue from government spending
an agreement among firms in a market about quantities to produce or prices to charge
two goods for which an increase in the price of one leads to a decrease in the demand for the other
the paper bills and coins in the hands of the public
individuals who would like to work but have given up looking for a job
the reduction of risk achieved by replacing a single risk with a large number of smaller, unrelated risks
the uncompensated impact of one person’s actions on the well-being of a bystander
the central bank of the United States
unemployment that results because it takes time for workers to search for the jobs that best suit their tastes and skills
the idea that taxpayers with similar abilities to pay taxes should pay the same amount
the automatic correction by law or contract of a dollar amount for the effects of inflation
a good for which, other things being equal, an increase in income leads to a decrease in demand
the tendency of a person who is imperfectly monitored to engage in dishonest or otherwise undesirable behavior
the rate at which a person can trade the currency of one country for the currency of another
two goods with right-angle indifference curves
an item that people can use to transfer purchasing power from the present to the future
the organized withdrawal of labor from a firm by a union
