If you were in charge of developing a tax system for a country, how would you structure taxes? For example, who should pay the greater percentage of taxes? What should taxes be used for?

An architect is considering bidding for the design of a new shopping mall. The cost of drawing plans and submitting a model is $10,000. The probability of being awarded the bid is 0.

Suppose that everyone who has looked for a job for more than six months gave up in despair and stopped looking. What would happen to the unemployment rate? It would increase. It would fall. It would not change.

If companies can become more productive by increasing their physical capital, why would a company not buy up-to-date computers for all employees each year?

Suppose that you have private health insurance. Last year you were injured once, which represented the only time you had a medical expense. At the time, you paid $25 to see your doctor, who referred you to a specialist.

A command economy tends to exist under a

April Stigum will receive a 6 year annuity of $2,000 per year, beginning 7 years from today. In other words, the first payment will be made at the end of year 7.

What is the one trait that you have that you believe would be an asset to any employer?

Delta Technologies, Inc., operates in a perfectly competitive market and has experienced economies of scale because of advanced technologies that have allowed it to make production more efficient. Delta Technologies, Inc.

Institutions specialize in raising money for governments and corporations by issuing securities.

When heavy rain ruined the banana crop in central america, the price of bananas rose from $1.00 a pound to $2.00 a pound. growers sold fewer bananas, but their total revenue remained unchanged.