Which of the following describes a situation where tax laws give preferential treatment to specific types of behavior?

a. tax evasion
b. a political payoff
c. a tax loophole
d. compensation for the benefit of society


c

Economics

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If the median voter voted against a project, we can infer that

A) at least half of the voters also voted against it. B) at most a third of the voters voted against the project. C) the project was approved. D) at least half of the voters voted in favor of the project.

Economics

If a firm doubles its resources and generates an output level which is more than double, it is said to be experiencing:

a. economic fluctuations. b. recession. c. diseconomies of scale. d. increasing marginal returns to a factor. e. economies of scale.

Economics

Poverty is considered to be more permanent in the United States than it is in other nations.

Answer the following statement true (T) or false (F)

Economics

A baker of bread has a long-term fixed-price contract to supply bread. Which of the following would NOT reduce her risk?

A. Hedging this risk in the wheat futures market B. Finding a wheat farmer who will take the short position in a wheat futures contract C. Taking the long position in wheat futures contract D. Finding a wheat farmer who will take the long position in a wheat futures contract

Economics