In the United States each year,
A. more than 50 percent of all businesses fail.
B. less than 25 percent of all businesses fail.
C. over 10 percent of all businesses fail.
D. only about 5 percent of all businesses fail.
Answer: C
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Which of the following statements is correct?
a. Both tax avoidance and tax evasion are legal. b. Both tax avoidance and tax evasion are illegal. c. Tax avoidance is legal, whereas tax evasion is illegal. d. Tax avoidance is illegal, whereas tax evasion is legal.
The tax brackets in a particular year are 10% on earnings up to $35,000, 20% on earnings from $35,001 to $75,000, 30% on earnings from $75,001 to $150,000, and 33% on earnings over $150,000. Professor Schmidt earns $125,000. Which information do we need to use to calculate her marginal tax rate?
a. the lowest tax rate and the highest tax rate b. the tax rate for each category up to $150,000 c. the highest tax rate she will pay on her income d. her salary and the tax rate on wages over $150,000
The price of ________ in terms of ________ is the exchange rate.
A. resources; finished products B. one country's currency; another country's currency C. imports; exports D. one country's currency; the inflation rate
When real GDP increases, the demand for money ________ and the demand for money curve ________
A) does not change; does not shift B) increases; shifts rightward C) increases; shifts leftward D) decreases; shifts leftward E) decreases; shifts rightward