A tax that takes the same percentage of tax from all taxpayers is called a:

A company that makes baseball caps is underutilizing its resources. What does this mean?

a) The company is running more efficiently than its competitors b) The company is paying its employees less than it should be c) The company is making caps when it could be making t-shirts instead d) The company is producing fewer caps than it could be

Which of the following best describes typical employer attitudes toward organized labor (unions) during the 19th century?

(a) Positive—unions could promote cooperation with management to achieve more efficient operations (b) Negative—union-promoted labor gains seized profits and encouraged inefficient behavior (c) Indifferent—unions had little impact on business profitability (d) Mixed—about half of employers favored unions and half opposed them