If a large percentage of economic activity in developing countries is unrecorded, then the countries are likely to rely on which of the following taxes to provide government revenue?
A) Sales taxes
B) Property taxes
C) Income taxes
D) Tariffs
D
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Which of the following acts makes it a felony for competing businesses to fix prices?
A) the Sherman Act B) the Clayton Act C) the Federal Trade Commission Act D) the Robinson-Patman Act
Maximum likelihood estimation yields the values of the coefficients that
A) minimize the sum of squared prediction errors. B) maximize the likelihood function. C) come from a probability distribution and hence have to be positive. D) are typically larger than those from OLS estimation.
Any imperfection in the market mechanism that prevents optimal outcomes is known as
A. Market failure. B. Government failure. C. Public cost. D. External cost.
What determines the economic rent for land? Explain from a supply and demand perspective
What will be an ideal response?