As early as the 17th century, Sir William Petty, one of the ______________ of modern economics, argued that a tax on the production and sale of commodities would eventually be shifted by producers to consumers, who would pay it in the form of higher prices.
A. planners
B. precursors
C. predecessors
D. progenitors
Answer:D
As early as the 17th century, Sir William Petty, one of the ______________ of modern economics, argued that a tax on the production and sale of commodities would eventually be shifted by producers to consumers, who would pay it in the form of higher prices.
A. planners B. precursors C. predecessors D. progenitors