In 2011, the government's total tax revenue as a percent of total output was highest in which of the following nations?
A. Germany
B. France
C. United States
D. Mexico
B. France
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The manager of Fatty Foods is thinking about retiring. He has two options: to leave his stores as a company stores, to be managed by a salaried manager, or to sell some of them as franchises. He however has no way of monitoring the salaried managers' activities. What would be his best bet?
a. Let the stores stay company stores b. Sell them off as franchises c. Shut down the business completely d. Never retire
A util represents a unit of measurement for the:
a. dollars a consumer spends on a good. b. profit a firm makes from producing a good. c. way a consumer will respond to a change in price. d. happiness a person obtains from consuming a good. e. way a producer will respond to a change in price.
Specialization according to comparative advantage followed by free trade makes every economy better off
a. True b. False Indicate whether the statement is true or false
The definition of human capital refers to
A. worker education and workers’ equipment. B. worker education and workers’ physical capital. C. workers’ equipment and workers’ physical capital. D. worker education and worker training.