Most Americans
a. have accurate perceptions of the level of corporate profits.
b. underestimate corporate profits.
c. overestimate corporate profits.
d. believe that corporations earn zero profit.
c
Economics
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Which of the following are NOT characteristics of a competitive market?
A) There is freedom of entry and exit. B) There are zero transaction costs. C) There are only one or two sellers. D) Buyers and sellers have complete information.
Economics
The marginal tax rate is
A) the sum of all individual tax rates. B) the total taxes paid as a percentage of total income. C) the average tax rate paid by both individuals and corporations. D) the increase in taxes as a percentage of the increase in income.
Economics