According to Peter principle, employees
A. do not always value promotions.
B. should be promoted till they reach the top management level.
C. keep getting promoted until they reach the level that they cannot handle.
D. resort to influencing activities to ensure their promotions.
Answer: C
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Which of the following taxes is most clearly based on the benefits-received principle of taxation?
a. corporate income tax b. gasoline tax c. personal income tax d. payroll tax e. value added tax
One of the key factors in raising people in low-income countries out of the worst kind of poverty is whether they can
a. receive unemployment compensation. b. attend college or vocational school. c. make a connection to a somewhat regular wage-paying job. d. be protected by labor laws and unions.
In a free market, economic activity is coordinated by
a. central planners. b. prices. c. costs. d. majority rule.
The free-rider problem is encountered when
A) someone benefits from the consumption of a public good without paying his or her full share. B) all individuals who consume a public good pay for it. C) all goods consumed and produced are private goods. D) all individuals are willing to pay for what they consume.