Consider the two graphs above. Suppose that improvements in technology enable farmers to produce two or more harvests of the same crop each year. This would ________ the desired level of inventories, as depicted in graph ________
A) increase; B
B) increase; A
C) decrease; B
D) decrease; A
D
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Refer to Figure 3-5. At a price of $15
A) there would be a surplus of 4 units. B) there would be a shortage of 4 units. C) there would be a shortage of 2 units. D) there would be a surplus of 6 units.
Most unemployment insurance benefits are not paid to poor people or even to people who are at high risk of becoming poor
Indicate whether the statement is true or false
Suppose the income tax rate is 0 percent on the first $10,000; 10 percent on the next $20,000; 20 percent on the next $20,000; 30 percent on the next $20,000; and 40 percent on all income above $70,000
Family A has income of $82,000 while Family B has income of $37,000. What are the marginal tax rates faced by the two families?
What happens as interest rates fall?
A) The number of profitable investment opportunities declines. B) The opportunity cost of using retained earnings to finance investment spending declines. C) Planned investment spending also falls. D) Planned investment spending remains constant since it depends on profit projections not interest rates.