A$.$ TRUE $/$ FALSE QUESTIONS

Enter "True" or "False" on the blank preceding each question.

An entrepreneur invests money in his or her small businesses

$\frac{?}{\text{b}\text{a}\text{r}}($ today $)$

with the expectation of greater returns on the invested money in

the

future.

In the U$.$S$.$ free$-$enterprise financial market system, the primary

savers of funds are corporations.

An "opportunity cost" typically cannot be quantified.

Actual tax rates are established by legislation at the federal,

$\frac{?}{\text{b}\text{a}\text{r}}($ state, $)$

and local levels.

Sales taxes are a typical example of a progressive tax.

An example of a true proportional tax in the U$.$S$.$ currently is the

Medicare tax.

Per the "law of supply," as the price of an item increases, the

quantity