Concentration ratios are generally computed for ________ markets
A) local
B) regional
C) national
D) global
C
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Describe the effect of the 2008-2009 global financial crisis on the Swiss franc and the central bank's efforts to respond to the resulting problems
What will be an ideal response?
How much does it cost to tax a dollar of revenue away from the private sector and transfer it to the government in order to bail out a specific industry?
(a) One dollar (b) Less than one dollar because the administration of and compliance with the tax laws creates jobs for people (c) Less than a dollar because of the excess burden resulting from the elimination of productive exchanges by the taxes (d) More than a dollar because collection of the taxes requires resources that would otherwise be available for private sector production