Which of the following characterizes the market that Panera Bread competes in?
A) All "fast-casual" restaurants face horizontal demand curves.
B) "Fast-casual" restaurants sell identical products.
C) Barriers to entry are low.
D) There are a small number of firms.
Answer: C
Economics
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Refer to the diagram, where T is tax revenues and G is government expenditures. All figures are in billions of dollars. If the full-employment GDP is $400 billion while the actual GDP is $300 billion, the cyclical deficit is:
A. $30 billion.
B. $20 billion.
C. $10 billion.
D. $50 billion.
Economics
The difference in the marginal tax rate paid by the highest earners and the lowest earners in 2018 was ______ percent.
a. 2 b. 10 c. 27 d. 37
Economics