Alice, Bob, and Cody live in Wesland. Their annual incomes and the amounts they pay in income tax are shown in the table below. Income Tax Alice 30,000 6,000 Bob 50,000 7,500 Cody 100,000 12,000 The income tax in Wesland is

In the language of economics, the environment is considered a ___________, a good we have to protect

a. Personal good b. Community good c. Natural good d. Aggregate good

A business owner applies for a bank loan to launch a fairly low-risk project. After receiving the loan, she cancels the low-risk project and instead uses the borrowed funds for a high-risk venture. This is an example of

A) financial intermediation. B) the transactions approach. C) moral hazard. D) capital controls.