The decline in traditional banking internationally can be attributed to
A) increased regulation.
B) improved information technology.
C) increasing monopoly power of banks over depositors.
D) increased protection from competition.
B
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Social Security taxes are regressive because
A) they apply only to rich people. B) they are not applied to income beyond a certain amount. C) they are applied to welfare recipients. D) they are applied to retired people only.
A tax collects $3,000 per year from a family with an income of $25,000 and takes $4,000 per year from a family with an income of $50,000 . This tax plan is
a. regressive b. proportional c. progressive d. based on the ability-to-pay principle e. impossible to determine with the information provided
Explain the reasons for separating ownership and management in all large organizations
A profit-maximizing firm in a competitive market will decrease production when marginal cost exceeds average revenue
a. True b. False Indicate whether the statement is true or false