In 2013, the top 3% of wealth holders owned ________ of the nation's wealth.
A. 25.5%
B. 54.5%
C. 75.3%
D. 92.9%
Answer: B
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The negative impact of government debt on the economy is mitigated by ________
A) the impact of the debt on national saving B) government spending on schools and highways C) the interest rate effects of government budget deficits D) the phenomenon of crowding-out
Typically, transfer pricing audits by the IRS are concentrated in the case of
A) tangible goods. B) intangible property transactions. C) services. D) inputs.
Say that Japanese firms commit to avoid laying off their employees when demand for their products is low, but American firms often lay off workers when demand is low. As a result, ceteris paribus, we would expect Japanese firms to: a. face more elastic demand curves than American firms
b. have relatively greater variable costs than American firms. c. continue to produce at some prices at which American firms would shut down. d. shut down at prices at which American firms would continue to operate.
Refer to the information provided in Table 8.6 below to answer the question(s) that follow.
Table 8.6
Refer to Table 8.6. What is the total cost of producing zero units of output?
A. $0 B. $15 C. $30 D. indeterminate from the given information