Exam (elaborations)
BUS 1103 Week 6 Self Quiz with Answers University of the People 2024/2025
- Course
- Institution
BUS 1103 Week 6 Self Quiz with Answers University of the People 2024/2025
[Show more]
Seller
Follow
VEVA2K
Reviews received
Content preview
Question 1Not answered
Marked out of 1.00
Flag question
Question text
Which is an estate tax?
Select one:
a. A tax for the poor
b. A tax on an inheritance
c. A sales tax on goods and services
Feedback
The correct answer is: A tax on an inheritance
Question 2
Not answered
Marked out of 1.00
Flag question
Question text
What is an example of safety net?
Select one:
a. Companies receiving a tax credit
b. Food assistance for pregnant women and newborns
c. None of the above
Feedback
The correct answer is: Food assistance for pregnant women and newborns
Question 3
Not answered
Marked out of 1.00
, Flag question
Question text
Lorenz curve is a graph that compares the cumulative income actually received to a
perfectly equal distribution of income.
Select one:
a. True
b. False
Feedback
The correct answer is: True
Question 4
Not answered
Marked out of 1.00
Flag question
Question text
What is the Theory of Labor Markets?
Select one:
a. A firm decides to sell stock that financial investors can buy and sell, then the firm is owned by its
shareholders
b. A firm demands labor because of the value of the labor’s marginal productivity.
c. None of the above
Feedback
The correct answer is: A firm demands labor because of the value of the labor’s marginal
productivity.
Question 5
Not answered
Marked out of 1.00
, Flag question
Question text
What is the term that economists call when a person experiences no net gain for working?
Select one:
a. Poverty trap
b. Near poor
c. None of the above
Feedback
The correct answer is: Poverty trap
Question 6
Not answered
Marked out of 1.00
Flag question
Question text
Perfectly Competitive Labor Market is when firms can hire all the labor they wish at the
going market wage.
Select one:
a. True
b. False
Feedback
The correct answer is: True
Question 7
Not answered
Marked out of 1.00
Flag question
Question text
, A government can measure poverty based on a percentage of the median income.
Select one:
a. True
b. False
Feedback
The correct answer is: True
Question 8
Not answered
Marked out of 1.00
Flag question
Question text
Effective income tax is a method of assisting the working poor through the tax system.
Select one:
a. True
b. False
Feedback
The correct answer is: False
Question 9
Not answered
Marked out of 1.00
Flag question
Question text
Which term identifies the following:_______________________= (percentage of total taxes
paid)/(total income)
Select one:
a. Quintile
b. Lorenz curve
c. Effective income tax
Feedback
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller VEVA2K. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $28.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
62890 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now