In the Area of Many College Campuses,parking Spaces Are Often

question 85

Multiple Choice

In the area of many college campuses,parking spaces are often scarce.If these parking spaces have parking meters,which population described below would pay for parking?

• A) A population that is willing to take risks and believes that they will not be caught if they don't place change in the meter
• B) A population that places a high opportunity cost on making sure they have change and placing change in the meter
• C) A population that is willing to take risks, believes that they will not be caught if they don't place change in the meter, and disregards any possible $5 ticket for parking illegally
• D) A population that is unwilling to take risks and believes there is a high chance that they will not be caught if they don't pay for parking
• E) A population that is unwilling to take risks, believes there is a high chance that they will be caught if they don't pay their share, and places a high value on doing the "right" thing

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Definitions:

Corporations

Legal entities that are separate and distinct from their owners, with the ability to own assets, incur liabilities, and sell stock.

Double Taxation

A taxation principle referring to income taxes paid twice on the same source of income. This usually occurs with corporate income taxed at both the corporate level and again at the shareholder level on dividends.

Disadvantage

A condition or situation that makes it more difficult for someone or something to succeed or achieve a desired outcome.

Income Taxes

Taxes levied by governments on the income earned by individuals and entities within their jurisdiction.