Most economists agree that exclusive reliance on direct controls
a. is a sound approach.
b. has worked well for us in the past.
c. is cheaper than any other enforcement mechanism.
d. is a mistake.
d
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Deadweight loss declines in size when a unit of output is produced for which
A. consumer surplus exceeds producer surplus. B. marginal cost exceeds marginal benefit. C. producer surplus exceeds consumer surplus. D. maximum willingness to pay exceeds minimum acceptable price.
Which type of business has the least government rules and regulations affecting it?
A) partnership B) corporation C) sole proprietorship D) They all have the same set of rules and regulations affecting them.
Last year, Anthony Millanti earned exactly $30,000 of taxable income. Assume that the income tax system used to determine Anthony's tax liability is progressive
The table below lists the tax brackets and the marginal tax rates that apply to each bracket. a. Draw a new table that lists the amounts of income tax that Anthony is obligated to pay for each tax bracket, and the total tax he owes the government. (Assume that there are no allowable tax deductions, tax credits, personal exemptions, or any other deductions that Anthony can use to reduce his tax liability). b. Determine Anthony's average tax rate. Tax Bracket Marginal Tax Rate $0-5,000 0.05 (5%) 5,001-10,000 0.10 (10%) 10,001-15,000 0.15 (15%) 15,001-20,000 0.20 (20%) 20,001-25,000 0.25 (25%) 25,001-30,000 0.30 (30%)
According to the book, four disciplines are particularly applicable to management. Which of the following was not listed as a main influence?
a. Humanities b. Psychology c. Sociology d. Economics