The distribution of tax burdens among various groups in society is referred to as
A. tax incidence.
B. sectioning.
C. zero-base budgeting.
D. regressive placement.
Answer: A
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Answer the following statements true (T) or false (F)
1) If managers holding an auction release more information about the value of the item, they will reduce their profit. 2) Regardless of whether an auction's purpose is to sell a product or buy one, providing more information about the value of the auctioned item can benefit the auction's managers because bidders will have more confidence in their valuations. 3) Regardless of what policies a manager creates, it is unlikely that the manager can completely solve the principal-agent problem. 4) If restaurant managers have a policy that servers' tips are to be combined and then shared equally at the end of the day, this will incentivize all servers to to take the best care of their customers. 5) In general, if managers are able to make a job more appealing to an employee, this helps managers as it reduces labor turnover.
Because market price always tends back to the minimum average total cost for all identical firms in a perfectly competitive market in the long run, in theory:
A. price will be the same at any quantity. B. the supply curve may be downward sloping. C. the supply will remain a constant quantity. D. the supply curve will be upward sloping.
Differentiate between an extensive-form game and a simultaneous-move game
What will be an ideal response?
What do we call the magnitude of the slope of an indifference curve?
What will be an ideal response?