Which of the following is not a difference between market and collective decisionâ making?
A.
Money payments can signal intensity of desire for aâ product, but voting cannot.
B.
Government goods are costless toâ produce, while private goods have production costs.
C.
The government can use expropriation to extractâ payments, but private firms cannot.
D.
Government goods are often provided free ofâ charge, while market goods have a price.
////////////////////////////////////////////////////
A senior citizen gets aâ part-time job at aâ fast-food restaurant. She earnsâ $88 per hour for each hour sheâ works, and she works exactly 30 hours per week.â Thus, her total pretax weekly income isâ$240.
Her total income tax assessment each week is â$45 but she has determined that she is assessed â$3 in taxes for the final hour she works each week.
Thisâ person's average tax rate each week is ??????percent.
Which of the following is not a difference between market and collective decisionâ making?
A.
Money payments can signal intensity of desire for aâ product, but voting cannot.
B.
Government goods are costless toâ produce, while private goods have production costs.
C.
The government can use expropriation to extractâ payments, but private firms cannot.
D.
Government goods are often provided free ofâ charge, while market goods have a price.
////////////////////////////////////////////////////
A senior citizen gets aâ part-time job at aâ fast-food restaurant. She earnsâ $88 per hour for each hour sheâ works, and she works exactly 30 hours per week.â Thus, her total pretax weekly income isâ$240.
Her total income tax assessment each week is â$45 but she has determined that she is assessed â$3 in taxes for the final hour she works each week.
Thisâ person's average tax rate each week is ??????percent.
