Everything else held constant, if income tax rates were lowered, then
A) the interest rate on municipal bonds would fall.
B) the interest rate on Treasury bonds would rise.
C) the interest rate on municipal bonds would rise.
D) the price of Treasury bonds would fall.
C
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The per-person production function in Chapter 10 assumes that a one percent rise in (K/N) causes a ________ rise in (Y/N), and so it is diagrammed as a ________ line
A) less-than-one-percent, downward-curling B) less-than-one-percent, upward-curling C) one percent, upward-curling D) one percent, downward-curling E) more-than-one-percent, straight
Since resources are not equally substitutable across uses: a. the production possibilities curve will be positively sloped. b. the production possibilities curve will be a straight line
c. the production possibilities curve will be bowed outward. d. the production possibilities curve will be bowed inward.
The characteristics of a market that influence the behavior of market participants is (are) known as
a. perfect competition b. market power c. barriers to entry d. market structure e. monopolistic competition
Your boss gives you an increase in the number of dollars you earn per hour. This increase in pay makes
What will be an ideal response?