People Who Spend More Time and Effort Investigating the Advantages

question 258

Multiple Choice

People who spend more time and effort investigating the advantages and disadvantages of different flat-screen televisions when they go to purchase one than they do investigating the strengths and weaknesses of presidential candidates are saying, in effect, that:

• A) they do not think it matters who is elected president.
• B) they are irrational, because the choice of a president is obviously far more important than the choice of a TV.
• C) a good TV is more important to their well-being than a good president.
• D) they expect to use the information on the merits of alternative TVs to greater personal advantage than they could information on the merits of alternative presidential candidates.

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Definitions:

Tax Rate

The percentage at which income or profits are taxed by the government.

Income Tax Liability

The amount of tax owed to the government for earnings made during a fiscal period.

Operating Income

The profit earned from a firm's core business operations, excluding deductions of interest and tax.

Tax Rate

The percentage at which an individual or corporation is taxed.