The standard deduction for two individuals is higher than the standard deduction for a married couple, causing a "marriage tax."
A. True
B. False
C. Uncertain
A. True
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Suppose the most you would be willing to pay for a plane ticket home is $250. If you buy one for $175, then your economic surplus is:
A. $0. B. $175. C. $250. D. $75.
The table below shows how total donations, average donations, total labor costs and average labor costs vary depending on the number of employees State U hires for its fundraising activities.Number ofEmployeesTotal DonationsAverage DonationsTotal Labor CostsAverage Labor Costs1$30,000 $8,0002$42,426 $17,000 3 $17,321$27,000 4$60,000 $9,5005 $13,416$50,000 The President of State U decides to hire fundraising employees as long as their average benefit exceeds their average cost. This results in ________ employees being hired and a net benefit (total donations minus total labor costs) of ________.
A. 4; $22,000 B. 4; $60,000 C. 5; $67,080 D. 5; $17,080
The structural surplus
A) is legally required to be positive. B) fluctuates over the business cycle. C) is, by definition, equal to the negative of the cyclical deficit. D) equals the actual surplus plus the cyclical surplus. E) is the government budget surplus that would exist if the economy was at full employment.
Which of the following is a possible cause of a rightward shift in the supply of healthcare?
a. A fall in the price of resources used to produce healthcare products b. An increase in the price of resources used to produce healthcare products c. A fall in the profit expectations of healthcare providers d. A fall in the number of suppliers of healthcare e. An expectation of an increase in the price of healthcare products in future