Static tax analysis assumes that
A) an increase in a tax rate may lead to a decrease in the tax base.
B) an increase in a tax rate will lead to an increase in the tax base.
C) an increase in a tax rate will leave the tax base unchanged.
D) the tax base will always remain unchanged.
C
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Approximately what percentage of the world population experiences scarcity?
A) 33% B) 50% C) 66% D) 100%
Which of the following is a fair bet based on the toss of an unbiased coin?
A) head: receive $5, tail: lose $5 B) head: receive $2, tail: lose $3 C) head: receive $0.5, tail: lose $1 D) head: lose $3, tail: lose $3
In the 1990s, what reduced the barriers to entry in the local telephone market?
(A) The end of a twenty-year patent on telephone technology. (B) The deregulation of the local telephone industry. (C) The rising popularity of cellular phones. (D) The licensing of new, smaller phone companies.
U.S. drug laws prohibiting re-importation of prescription drugs prevent
A. American pharmaceutical distributors from re-selling to Canadian citizens at higher prices. B. Canadian pharmaceutical distributors from re-selling to American citizens at higher prices. C. the U.S. government from dictating the drug prices to be paid by Canadian citizens. D. U.S. pharmaceutical companies from earning monopoly profits.