Adrienne and Jacob talk about the 2008 financial crisis and the US Government's response to the troubles. So,
What will be an ideal response?What will be an ideal response?
all this starts with home mortgages, and the use of mortgages as an investment instrument. For years, it seemed like the US housing market would go up and up. Like a bubble or something. It turns out it was a bubble. But not the good kind. And the government response was...interesting. Anyway, why are you reading this? Watch the video!
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Working fewer hours to reduce your tax burden is tax evasion.
A. True B. False C. Uncertain
Wendy's must decide whether to grow its own potatoes for French fries. Growing potatoes is a very different process from running a fast-food restaurant. Based on this information alone, should Wendy's grow its own potatoes?
a. No, because Wendy's managers have bounded rationality. b. Yes, because Wendy's managers have bounded rationality. c. No, because there is a small number of potato suppliers. d. Yes, because there is a small number of potato suppliers. e. No, because it is easy to observe the quality of potatoes.
With a negative income tax featuring an $8,000 minimum level of income and a 20% tax rate, a household earning zero dollars would receive a subsidy of:
a. zero b. $1,600 c. $6,400 d. $8,000
Average total cost is equal to
a. output/total cost. b. total cost - total quantity of output. c. average variable cost + total fixed cost. d. total cost/output.