Olson (1971) claims that unions strive for job monopoly to achieve their goals by coercion
Indicate whether the statement is true or false
False
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The Lithuanian tax rate for all citizens' income is 24 percent and in Estonia, the tax rate is 21 percent. Lithuanian and Estonian income tax systems are examples of ________ taxes
A) proportional B) progressive C) regressive D) equality
Gross private domestic investment in the United States consists of three components:
a. stocks, bonds, and mutual funds. b. automobiles, trucks, and houses. c. plant, equipment, & software, houses, and inventories. d. plant, equipment, & software, houses, and net exports.
Assume that product Alpha and product Beta are both priced at $1 per unit and that Ellie has $20 to spend on Alpha and Beta. She buys 8 units of Alpha and 12 units of Beta. The marginal utilities of the last unit of Alpha and Beta that she purchases are 40 utils and 20 utils, respectively. This indicates that
A. Ellie should make no change in consumption. B. in order to maximize utility, Ellie should buy more Beta and less Alpha. C. in order to maximize utility, Ellie should buy more Alpha and less Beta. D. given another dollar, Ellie should buy an additional unit of Beta.
Consider two restaurants located next door to each other: Quick Burger and The Sunshine Café. If Quick Burger opens a drive-through window, the increased traffic and noise will bother customers seated outside at The Sunshine Café. The table below shows the monthly payoffs to Quick Burger and The Sunshine Café when Quick Burger does and does not operate a drive-through window. Quick Burger Operates aDrive-Through WindowQuick Burger Does NotOperate Drive-Through WindowQuick Burger$24,000$15,000The Sunshine Café$11,000$23,000If Quick Burger has the legal right to operate a drive-through window, then the Sunshine Café would be willing to pay Quick Burger as much as ________ per month to NOT operate a drive-through window.
A. $12,000 B. $11,000 C. $15,000 D. $9,000