Two variables are unrelated if their graph is i. a vertical line. ii. a 45 degree line. iii. a horizontal line
A) i only
B) ii only
C) iii only
D) i and iii
E) i, ii, and iii
D
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Comparing the United States to other economies, the United States is one of the ____ economies in the world.
A. most government-supervised B. most privatized C. most government-owned D. least privatized
Answer the next question on the basis of the following four tax schedules for the given base of taxable income.IncomeTax ATax BTax CTax D$10,000$650$1,000$500$1,00020,0008502,0001,0003,00030,0009504,0001,5006,00040,0001,0506,0002,0009,500Which of the above tax schedules is a proportional tax schedule throughout?
A. Tax A B. Tax B C. Tax C D. Tax D
Congress created the Federal Reserve System
A) to serve as a lender of last resort. B) to process the receipt of taxes received by the Internal Revenue Service. C) to regulate the value of the U.S. dollar against foreign currencies. D) to provide a source of mortgage loans to the residential housing market.
Natural monopolies are most likely to arise when firms have:
A. low start-up costs and low marginal costs. B. high start-up costs and high marginal costs. C. low start-up costs and high marginal costs. D. high start-up costs and low marginal costs.