If the average tax rate is less than the marginal tax rate, the tax would be
A. proportional.
B. progressive.
C. regressive.
D. uniform.
Answer: B
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If you have $10,000 to start a lawn-cutting business, the interest rate is 4 percent, your cost of equipment is $3,000, and the earnings you sacrifice from working at another job are $32,000, your yearly cost of doing business would be
A) $13,000. B) $13,400. C) $35,400. D) $45,000.
You want to invest in a firm whose profits show small fluctuations throughout the business cycle. Which of the following would you invest in?
A) A corporation that depends heavily on business fixed investment B) A corporation that depends heavily on residential investment C) A corporation that depends heavily on consumer nondurables D) A corporation that depends heavily on consumer durables
Suppose that many corporations begin issuing new bonds. Everything else being equal, what is most likely to happen to the interest rate?
a. It will increase. b. It will decrease. c. It will not change. d. It will vary according to a random walk.
What are the main characteristics that make it more likely for a cartel to enforce agreements among participating members?
What will be an ideal response?