Tax evasion is
A. an illegal act.
B. prevalent in the United States.
C. failing to pay legally due taxes.
D. all of these answer options are correct.
D. all of these answer options are correct.
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What is true about the following payoff matrix? A: not cooperateA: cooperateB: do not cooperateA: 2, B: 2A: 1, B: 3B: cooperateA: 3, B: 1A: 0, B: 0
A. Player B is better off lying that she will not cooperate and then cooperate. B. Player A is better off lying that he will not cooperate and then cooperate. C. Players cannot escape the 0-0 payoff. D. Players cannot jointly do better by cooperating.
An import quota for sugar results in an increase in
A. the domestic demand for sugar. B. sugar imports. C. the domestic market price of sugar. D. the domestic market supply of sugar.
If the government places a $0.50 tax on an item for which demand is perfectly elastic
A) the entire tax will be paid by the consumer. B) the tax will be split equally between the consumer and producer, with each paying exactly $0.25. C) most of the tax will be paid by the consumer. D) the entire tax will be paid by the producer.
In the above table, the inflation rate between 2012 and 2013 is approximately
A) 0.9 percent. B) 1 percent. C) 10 percent. D) 100 percent.