Most flat tax proposals call for exempting income to a certain minimum level
a. True
b. False
Indicate whether the statement is true or false
True
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According to the article, ________ is expected to increase and add to China's ________ component of GDP
A) retail sales; consumption B) retail sales; investment C) rental income; investment D) rental income; exports
Information that is not available to the general public about what is happening in a corporation is
A) opportunity benefit. B) limited liability. C) economic rent. D) inside information.
As a company adds the first four workers to its production process in the short run, its output rises from 0 to 12 to 25 to 35 to 43 . Addition of the fifth worker will most likely lead to an output rate
a. greater than 51. b. equal to 51. c. less than 51. d. greater than 51 if the firm experiences diseconomies of scale. e. none of the above.
Cartel members have an incentive to cheat on cartel agreements because
a. the cartel cannot maximize profits. b. the cartel price is the competitive price. c. the demand curve for the firm is more elastic than the cartel's demand curve. d. the industry profit would be higher under competitive conditions.