Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point D to Point B, the opportunity cost of hybrid cars, measured in terms of motorcycles,
A. initially increases, then decreases.
B. increases.
C. remains constant.
D. decreases.
Answer: B
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The _____ requires taxpayers to calculate their taxes without most tax preferences, compare it to their tax liability the conventional way, and then pay the tax based on which is higher
a. Alternative Minimum Tax b. Alternative Maximum Tax c. Allocative Minimum Tax d. Allocative Maximum Tax
A loss leader:
A. is a product that is sold at a price above its direct marginal cost to encourage sales of a complementary product. B. is a product that is sold at a price below its direct marginal cost to encourage sales of a substitutable good. C. is a product that is sold at a price below its direct marginal cost to encourage sales of a complementary good. D. is a product that is sold at a price below its direct marginal cost to encourage sales of a substitutable and complementary good.
For all employee earnings subject to Social Security taxes, what is the current Social Security tax rate for employers?
A) 0.8% B) 2.9% C) 4.2% D) 6.2%
Economic models are often expressed in
a. equations. b. words. c. graphs. d. physical objects..