One major advantage of a flat tax over the current tax system would be ______.
a. higher earners contributing a greater share
b. the ability of tax payers to use more exemptions
c. increased employment opportunities for tax accountants
d. a simplification of the tax filing process
d. a simplification of the tax filing process
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In the above figure, the amount of the tax per unit imposed on the sellers is
A) $0.50. B) $1.00. C) $1.50. D) $2.00.
The region of economies of scale is that in which:
a. short-run marginal cost is falling as output expands b. short-run average total cost is falling as output expands. c. long-run marginal cost is falling as output expands. d. long-run average total cost is falling as output expands.
Organizational structure can be a strategic asset if it
A) adds value. B) adds value and can be duplicated. C) adds value and cannot be duplicated. D) can be franchised.
The leverage ratio of an investment firm refers to
a. the ratio of its investment holdings relative to its vault cash. b. the ratio of its investment holdings relative to its capital. c. the percentage of deposits held by the firm relative to its deposits with Federal Reserve banks. d. the percentage of down payments made to the investment firm relative to the size of mortgages issued by the firm.