This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Compare and contrast the tax base with the tax rate structure. What will be an ideal ... (Read 143 times)

moongchi

  • Hero Member
  • *****
  • Posts: 516
on: Jun 29, 2018
Compare and contrast the tax base with the tax rate structure.
 
  What will be an ideal response?

Question 2

Explain what a perfectly contestable market means. Give an example of a perfectly contestable market. Explain why the outcome in a perfectly contestable market is that firms produce efficiently.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cupcake16

  • Sr. Member
  • ****
  • Posts: 309
Reply #1 on: Jun 29, 2018
Answer to Question 1

The base of a tax is the measure or value upon which the tax is levied. The rate structure of a tax determines the portion of the base that must be paid in tax.

Answer to Question 2

A perfectly contestable market is a market in which entry and exit are costless. An example of a perfectly contestable market is the market for trucking services. The firms are forced to behave efficiently because of the threat of competition.


moongchi

  • Hero Member
  • *****
  • Posts: 516
Reply #2 on: Jun 29, 2018
Correct answers!


cupcake16

  • Sr. Member
  • ****
  • Posts: 309
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Structure of a typical prokaryotic cell Structure of a typical prokaryotic cell
The nucleotide structure of DNA. The nucleotide structure of DNA.
How to find the derivative of a function when the base and exponent contain a variable x^x How to find the derivative of a function when the base and exponent contain a variable x^x
Structure of the penis Structure of the penis
the Structure of a Neuron the Structure of a Neuron
Structure of a chromosome Structure of a chromosome
Video: Insulin (glucose uptake by body cells), glycogenesis and lipogenesis

For a complete list of videos, visit our video library