Which phrase would be most characteristic of pure monopoly?
A. Close substitutes
B. Efficient advertiser
C. Price taker
D. Sole seller
D. Sole seller
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Which of the following could be done in the short run to counteract diminishing marginal product in a lawn mower factory?
a. building a new factory b. paying off loans c. adjusting staffing levels d. offering sales discounts
If the unemployment rate rose from 6 percent to 7 percent,
A. Cyclical unemployment went up by more than 1 percent. B. Cyclical unemployment went up by 1 percent. C. Cyclical unemployment went up by less than 1 percent. D. Cyclical unemployment stayed the same. E. Cyclical unemployment went down.
Suppose that if your income is $100,000, your tax is $20,000, but if your income is $200,000, your tax is $45,000. Such a tax is
A. Regressive. B. A flat tax. C. Progressive. D. Proportional.
Which of the following is an allowable deduction?
A. Unreimbursed medical expenses that exceed 7.5% of AGI B. State and local income and property taxes C. Interest on qualified education loans up to a certain limit D. All of the answer options are correct.