A pessimistic view of the 1986 tax reform is that Congress simplified the tax code _____
a. because it represented a Pareto superior move
b. created new loophole opportunities that did not exist previously
c. in order to increase the efficiency in the system
d. because it was in the best interests of the special interests
b
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In the scenario above, if both firms cheat on the agreement, producing more than the agreed amount, then
A) each firm makes zero economic profit. B) the outcome is identical to a monopoly. C) the industry's economic profit is the maximum profit that can be made by the duopoly. D) each firm makes a greater economic profit than it would make if it complied with the agreement.
How would you define exchange control?
A) The government allocates foreign exchange through decree rather than through the market. B) a country NOT pegging its exchange rate C) a country pegging its exchange rate D) a country buying up excess current account so that CA=0 E) a country restricting all foreign exchange
Finance companies ________
A) acquire access to funds by accepting deposits then using these monies to lend to households and firms B) raise funds by selling commercial paper then lend these funds to consumers C) acquire access to monies through the payment of premiums by employees D) are a special type of mutual fund
Which of the following would be classified as unemployed
What will be an ideal response?