A conglomerate merger involves
a. two companies in the same line of business joining together
b. a buyer's expanding operations forward toward the final customer
c. a buyer's expanding operations backward toward the source of raw material
d. companies in unrelated lines of business coming together
e. b and c
d. companies in unrelated lines of business coming together
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Why is the following statement incorrect: "A tax on all consumption goods is efficient because it equally taxes all goods and therefore does not distort their prices."
What will be an ideal response?
A transfer payment is a payment by the government to an individual
A) for an investment good. B) for which the government does not receive a good or service in return. C) for a debt owed. D) for a service. E) for a consumption good.
Economist A believes that if tax rates are cut, tax revenue is likely to rise. This economist most likely believes that the percentage decrease in tax rates will ______________________________ percentage rise in the tax base
A) be larger than the resulting B) be equal to the resulting C) be smaller than the resulting D) occur long after the E) a and d
The underground economy includes
A. babysitters paid in cash. B. landscapers. C. self-employed workers. D. babysitters on a payroll.