The possibility that the economy may benefit from having market power, rather than being very competitive, is closely identified with which famous economist?
A) Arnold Harberger B) Donald Turner
C) Joseph Schumpeter D) Sergey Brin
Question 2
A personal exemption refers to
A) an amount representing basic living expenses that can be subtracted from income.
B) the tax bracket that represents basic living expenses.
C) the tax rate that applies to a particular tax bracket.
D) a dispensation that allows certain qualifying individuals not to pay federal taxes.
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