For a person earning $75,000, the average tax rate is:



A. 10%

B. 15%

C. 19%

D. 17%


C. 19%

Economics

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Markets will always create more efficient outcomes without government intervention

a. True b. False Indicate whether the statement is true or false

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The fundamental cause of monopoly is

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Refer to the table below. According to the Cost-Benefit Principle, how many units of this activity should be carried out?Units ofActivity TotalCostTotalBenefit0$0$01$30$1002$40$1603$60$1904$100$2105$150$2206$210$225

A. 6 B. 3 C. 4 D. 1

Economics

A country with relatively abundant supplies of labor is unlikely to have a comparative advantage in the production of labor intensive goods.

a. true b. false

Economics