A ________ occurs when government spending exceeds tax revenue
A) budget deficit
B) negative externality
C) consumer surplus
D) positive externality
A
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Double taxation of corporate earnings means
A. for individuals who get dividends on personal income, tax rates are twice as high as for wage earners. B. stockholders pay personal income taxes and corporation taxes on profits. C. stockholders do not get the plowback but still pay taxes on it. D. the corporation tax raises stock prices so individuals also pay a capital gains tax in addition to a tax on dividends.
Your bike is worth $100 and if you park it outside at school there is a 25% chance that it will be stolen. Your utility function for money is U = 100(M). Assume throughout that the bike value and money are interchangeable since you could sell the bike instantly at its value if necessary. What is the maximum you will pay the campus security for the safekeeping service now?
What will be an ideal response?
Suppose that your neighbor plays a stereo very loudly, which keeps you from sleeping. This common property problem can be solved through voluntary exchange as long as?
The long-run industry supply curve ________ in an increasing-cost industry.
A. is vertical B. slopes down C. slopes up D. is horizontal