Spike pays $14,000 in taxes and earns $100,000. Ace earns $120,000. If the tax system is progressive, Ace will pay ________ in taxes.
A. more than $16,800.
B. $16,800.
C. $15,500.
D. more than $15,500 but less than $16,800.
Answer: A
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An important reason for the Industrial Revolution to have started in Britain is that:
A) there were high entry barriers in British markets. B) Britain had a patent system. C) entrepreneurship was discouraged in Britain. D) Britain had extractive institutions.
The main measure of inflation is the ________________ computed and reported each month by the Bureau of Labor Statistics
a. Consumer Price Index b. Product Producer Index c. Consumer Confidence Survey d. New Homes Sales Matrix
The government has used the Sherman Act to break up monopolies in which of the following industries?
A. Tobacco B. Fishing C. Trucking D. Coal
For an efficient outcome, MR must exceed MC.
Answer the following statement true (T) or false (F)