Why are many banks closing some of their branches?
A. they are replacing them with ATM machines.
B. they are losing money in many areas.
C. they can't find qualified employees.
D. the banking industry has over built during the Great Recession.
A. they are replacing them with ATM machines.
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The elasticity of demand for chocolate chip cookies is 0.6 and the elasticity of supply for these cookies is 1.9. If a tax is imposed on purchases of chocolate chip cookies, then the
A) consumers would pay more of the tax. B) producers would pay more of the tax. C) tax would be equally shared by the consumers and the producers. D) consumers would pay the entire tax because their demand is less elastic than the producers' supply.
The adverse selection problem is least likely in which of the following occupations?
a. lawyer b. barber c. college professor d. marketing analyst e. manager
The corporate income tax is
a. an indirect tax. b. a regressive tax. c. the second largest source of revenue for the federal government. d. a direct tax.
Buying a cup of coffee with a dollar bill represents the use of money as a