Which of the following is an example of a local monopoly as compared to a national or international monopoly?
a. a restaurant at a rural crossroads
b. Alcoa during the 19th century
c. De Beers Consolidated Mines
d. AT&T
e. U.S. Postal Service
A
Economics
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Suppose that the income tax in the United States was such that all households had to pay 20 percent of their income to the government as taxes. This tax is an example of
A) a regressive tax. B) a proportional tax. C) a progressive tax. D) an efficient tax.
Economics
The principal cause of the housing cycle is natural disaster, such as Midwest floods and California earthquakes
Indicate whether the statement is true or false
Economics