The risk-shifting problem tends to be __________ for __________ firms than for __________ firms
A) greater; small; large
B) greater; large; small
C) the same; large; small
D) None of the above.
A
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The reference base period for the CPI has an index number of
A) 100. B) 10. C) 1,000. D) 0. E) 1.
Goods and services that can be produced by using commonly available resources that could be allocated to a wide variety of alternative tasks have a supply that is
A) elastic. B) inelastic. C) unit elastic. D) perfectly inelastic.
A transfer payment is a payment made by
a. consumers, but not in exchange for a tangible product. b. firms, but not in exchange for capital equipment. c. foreigners, but not in exchange for a domestically-produced good or service. d. government, but not in exchange for a currently produced good or service.
If government tax policy requires Bill to pay $20,000 in taxes on annual income of $200,000 and Paul to pay $10,000 in tax on annual income of $100,000, then the tax policy is:
A. regressive. B. progressive. C. proportional. D. optional.