Which of the following is a justification for taxes?
A) The ability-to-pay principle B) The progressive tax principle C) The proportional tax principle D) The regressive tax principle E) The desire of government to spend more funds
Refer to Table 4-7. If the four families listed are the only demanders in this market and the price of a gallon of milk is $4.00, what is the market quantity demanded?
Which of the following is not a result of information overload?
A) Inability to differentiate between useful and useless information B) Inability to think deeply about complex situations C) Lower productivity D) Inability to respond to every message received E) Increase in employee stress
A music store lets Laura take a guitar home with her so that Laura can test how it plays.After playing the guitar for a day,Laura puts it on her sofa and forgets about it.Two weeks later,the guitar is damaged due to a fire.Who must bear the risk of loss for the damage to the guitar?
Laura bears the risk of loss.This is a sale on approval,which means that risk of loss does not pass to Laura until she accepts the guitar.The buyer is deemed to have accepted the goods where she fails to notify the seller of her election to return them.