Slope is measured as rise/run.
Answer the following statement true (T) or false (F)
True
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In the 1980s, marginal tax rates on high income taxpayers fell from 70 to 28 percent. Tax revenues coming from the top 1 percent of income earners _____
a. fell as a percentage of income b. fell in total, but not as a percentage of income taxes paid by all taxpayers c. fell compared to middle-class taxpayers d. increased as a percentage of income taxes paid by all taxpayers
When Country X has high economic growth, this country has
A) a high level of real Gross Domestic Product (GDP). B) a high level of per capita real Gross Domestic Product (GDP). C) a large increase in per capita real Gross Domestic Product (GDP). D) a large increase in personal income.
What is the firm's contribution margin?
a. $1800 b. $800 c. $1000 d. $300
Which statement is true?
A. Most strikes cause serious economic disruptions. B. The threat of a strike provides the motivation necessary to make collective bargaining work. C. Most labor unions enter collective bargaining hoping for a strike. D. None of the choices are true.