Tax systems that impose recordkeeping requirements on taxpayers are said to have a(n)
a. auditing burden.
b. lower incidence of compliance.
c. administrative burden.
d. certification requirement.
c
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Coase argues that every case of externalities
a. has a clearly identifiable cause. b. requires government intervention if efficiency is to be achieved. c. can be traced back to a principal-agent problem. d. is reciprocal in nature.
According to the figure shown:
A. there is no stable equilibrium to the game.
B. both players will act in their own self-interest and get a stable, but less than optimum, equilibrium.
C. both players will act in their own self-interest and get an optimum equilibrium that is stable.
D. both players have an incentive to charge a low price and undercut the competition.
In 2010 the unemployment rate in Zimbabwe was 95%
a. True b. False
Vipsana's Gyros House sells gyros. The cost of ingredients (pita, meat, spices, etc.) to make a gyro is $2.00. Vipsana pays her employees $60 per day. She also incurs a fixed cost of $120 per day. What is Vipsana's total cost per day when she does not
produce any gyros and does not hire any workers? A) $0 B) $2 C) $60 D) $120