The economic system envisioned by the Constitution _________
a. embodied Adam Smith's emphasis on protecting private property
b. used the Civil Code of France, rather than the English Common Law, as its foundation.
c. enshrined the traditional 18th century model of mercantilism which allowed the government to have large control over private ownership of goods and services
d. fostered Jefferson's idea of a democracy based primarily on agriculture
a. embodied Adam Smith's emphasis on protecting private property
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If taxes are $2,000 when income is $15,000 and they are $3,000 when income is $19,000, then the marginal tax rate is
A. 20%. B. 30%. C. 25%. D. 40%.
Explain the principle of neutrality with respect to taxes
What will be an ideal response?
Which government agency is in charge of hearing workers’ complaints of discrimination against them by their employer?
a. SEC b. BLS c. FCEE d. EEOC
When the demand curve for an input is a derived demand this means that
A. the law of diminishing marginal product does not hold. B. the demand curve slopes upward. C. the demand curve is derived from the demand for the final product being produced. D. the demand curve depends upon the MFC.