The percentage of property taxes collected by local governments is about _____
a. 15 percent
b. 45 percent
c. 75 percent
d. 95 percent
d
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If you save more because Social Security allows you to retire earlier than you would have retired had Social Security neither taxed you nor provided you with benefits, then this is referred to by economists as the
A. slovenly effect. B. bequest effect. C. asset substitution effect. D. induced retirement effect.
Before developing an expectation on inflation, Jenny reads through all available material on consumer price indexes and producer price indexes
Later she also reads through recent magazines and newspapers to identify factors that could affect the inflation rate in the coming days. Jenny can be said to have: A) conditional expectations. B) rational expectations. C) marginal expectations. D) adaptive expectations.
Answer the following statements true (T) or false (F)
1) The likelihood of a rival's announcement of a planned strategy being truthful depends on the degree to which it's interests align with its rivals. 2) It is not possible for a game to have no pure -strategy Nash equilibria. 3) Mixed strategies are inherently random. 4) A manager's optimal decision regarding their firm's strategy requires that the manager also considers their rival's best response. 5) Cheap talk is an example of a refinement.
The least common form of business organization in the United States is the partnership
a. True b. False