A rational individual would make charitable contributions only if such contributions receive favorable tax treatment
a. True
b. False
B
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A recession can manifest itself with ________
A) a decrease in consumer spending B) a decrease in industrial production C) a lengthy period of falling GDP D) all of the above E) none of the above
The fact that airlines offer off-peak airline discounts rather than peak-time surcharges is an example of:
A. framing effects. B. non-zero sum game. C. the endowment effect. D. irrational behavior.
Corporate profits are
a. included in payroll taxes. b. exempt from taxes. c. taxed twice, once as profit and once as dividends. d. taxed to pay for Medicare.
Which of the following represents an uninsurable risk to a business firm?
A. The possibility that its warehouse will burn down. B. The possibility that several of its workers will be injured at work. C. The possibility that an adverse change in consumer tastes will decrease the demand for the firm's product. D. The possibility that a tornado will damage the plant and stop production for a month.