The price elasticity for demand of health care has been estimated at a low-end value of ______.

The corporate income tax is

a. an indirect tax. b. a regressive tax. c. the second largest source of revenue for the federal government. d. a direct tax.

Bay City Mining, Inc has a price of $20 a share, outstanding shares of 2.5 million, retained earnings of $1 million dollars, and a dividend yield of 2 percent. It has a price-earnings ratio of

a. 50, which is high by historical standards. b. 50, which is low by historical standards. c. 25, which is high by historical standards. d. 25, which is low by historical standards.