Cisco Developed a Carburetor for Automobiles That He Called the "Cisco-Carb

question 20

True/False

Cisco developed a carburetor for automobiles that he called the "Cisco-Carb." He advertised the carburettor in a national automobile magazine in a full-page advertisement under a caption that read."Proven Performance-200 miles to a gallon of gas in any car." The advertisement offered the carburetor for $100 on a 30-day,money-back guarantee.
-Cisco would not have violated the Competition Act,because his performance claim was made in a unit of measurement other than metric.

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Net Taxes

Net taxes are the total taxes paid to the government after subtracting transfers and subsidies received from the government.

Real GDP

The calculation of a nation's economic productivity accounting for variations in prices, such as inflation or deflation, to represent the true worth of its produced goods and services.

Classical Economists

A group of economists in the late 18th and early 19th centuries who believed in the idea of self-regulating markets, emphasizing free competition and minimal government intervention.

Full Employment

A state in an economy where all existing labor forces are deployed in the utmost efficient manner.