With a negative income tax providing a minimum of $20,000 and a tax rate of 25 percent, what amount of supplement would the government pay to a household earning $10,000?
A. $5,000
B. $10,000
C. $17,500
D. $20,000
Answer: C
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The table above shows the demand and costs for a single-price monopolist. The firm can maximize its profit by selling
A) 0 units. B) 20 units. C) 40 units. D) 60 units.
One reason education expenditures are increasing is that a larger percentage of resources are now being used on _____ expenditures
a. teacher aide b. non-classroom c. teacher salary d. textbook
The above figure shows a payoff matrix for two firms, A and B, that must choose between a high-price strategy and a low-price strategy. For firm B,
A) setting a high price is the dominant strategy. B) setting a low price is the dominant strategy. C) there is no dominant strategy. D) doing the opposite of firm A is always the best strategy.
In a union shop, prospective employees must be union members before they can be hired
Indicate whether the statement is true or false