An estate tax is an example of a(n)
a. individual income tax.
b. social insurance tax.
c. corporate income tax.
d. None of the above is correct.
d
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The following combinations of goods X and Y represent various market baskets. Consumption is measured in pounds per month
Market Basket Units of X Units of Y A 4 6 B 16 7 C 15 3 D 3 2 Explain which market basket(s) is(are) preferred to other(s), and if there is any uncertainty over which is preferable, point this out as well.
Refer to the figure below.
If this market is unregulated, the economic surplus received by producers is:
A. $32. B. $16. C. $48. D. $24.
Countries with large amounts of capital per worker tend to have ________ levels of real GDP per person and ________ levels of average labor productivity.
A. low; low B. low; average C. high; low D. high; high
Explain why most financial instruments are fairly complex, while at the same time quite standardized.
What will be an ideal response?