An example of a benefits-received tax would be ______.
a. a launching permit to use a boat in a public lake
b. a portion of federal income tax used for national defense
c. a progressive income tax
d. a sales tax
a. a launching permit to use a boat in a public lake
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Suppose your expenses for this term are as follows: tuition: $10,000, room and board: $6,000, books and other educational supplies: $1,000
Further, during the term, you can only work part-time and earn $8,000 instead of your full-time salary of $20,000. What is the opportunity cost of going to college this term, assuming that your room and board expenses would be the same even if you did not go to college? A) $11,000 B) $17,000 C) $23,000 D) $29,000
Scott is a manager at a pool cleaning business. He has hired 10 workers to clean pools for him and is considering what type of payment scheme he should set up for his workers
He can pay each of his workers $10 per hour to clean pools, or he can pay his workers $20 for each pool a worker cleans. (It takes 2 hours, on average, for an employee to clean a pool thoroughly.) If Scott wants to maximize the number of pools his workers clean in one day, which payment scheme should he use? Explain.
Under President John F. Kennedy, the United States expanded its highway system, creating 50,000 miles of high-speed limited-access highway.
Answer the following statement true (T) or false (F)