Which of the following is true about the percent of total income all levels of government in the U.S. take as taxes?
a. In 1902 the government collected about 7 percent of total income. In recent years, it collected about 30 percent of total income.
b. In 1902 the government collected about 30 percent of total income. In recent years, it collected about 7 percent of total income.
c. In 1902 the government collected about 7 percent of total income. In recent years, it collected about 7 percent of total income.
d. In 1902 the government collected about 30 percent of total income. In recent years, it collected about 30 percent of total income.
a
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Refer to Figure 21.1. The middle 20% of the population earn ________ of total income
A) 16% B) 23% C) 28% D) 32%
Exhibit 30-3 Costs of Eliminating:Firm A Firm B Firm C 1st ton of pollution$ 30 $ 50 $ 600 2nd ton of pollution$ 70 $ 90 $ 700 3rd ton of pollution$125 $150 $ 900 4th ton of pollution$200 $250 $1,300 Refer to Exhibit 30-3. What is the cost to Firm A of eliminating 2 tons of pollution?
A. $100 B. $200 C. $700 D. $425 E. $1,500
The above figure shows the payoff matrix facing an incumbent firm and a potential entrant. If the fixed cost of entry were to increase, which of the following would occur?
A) The incumbent chooses the Cournot level of output. B) The incumbent shuts down. C) The entry-deterring level of output rises. D) The entry-deterring level of output falls.
Summarize the four supply factors in economic growth.
What will be an ideal response?