Which of the following accounts for the largest source of revenue for the federal government?
a. sales tax
b. federal property tax
c. personal income tax
d. corporate income tax
e. borrowing
C
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The demand curve for a monopolistic competitor has a negative slope
a. True b. False Indicate whether the statement is true or false
There is general disagreement among economists about the role of advertising, but there is widespread agreement about the role of brand names on market efficiency
a. True b. False Indicate whether the statement is true or false
The manager of the customer service department at a bank can hire employees with a high school degree (HS) who earn $10,000 annually or employees with a bachelor's degree (B) who earn $20,000. The manager wants to maximize the number of customers served given a fixed payroll.
Given the above info, if the manager's payroll is $120,000, what should be done to maximize the number of customers served?
A. Hire four HS and four B. B. Hire six HS and three B. C. Hire five HS and five B. D. Hire two HS and five B.
The distribution of income in one nation can be illustrated by the
A. aggregate demand curve. B. Lorenz curve. C. Phillips curve. D. Laffer curve.