If the marginal tax rate equals the average tax rate, the tax would be
A. proportional.
B. regressive.
C. progressive.
D. uniform.
Answer: A
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Which of the following explains the recent decline in union membership in the United States?
a. smaller government safety nets b. slower technological change c. the change from a manufacturing to a service-based economy d. increasing market concentration e. none of the above
What was a major characteristic of the subprime loans that were taken out in the early 2000s?
a. They were hard to obtain. b. They required a large down payment. c. They were given to risky borrowers. d. They were based on a fixed rate.
Game theory was developed in the 1940s by John von Neuman, a mathematician, and an economist named
A) John Nash. B) John Maynard Keynes. C) Oskar Morgenstern. D) Milton Friedman.
A research project is conducted by offering a randomly selected 300 of the 500 local Toyota Prius owners a chance to use a new fuel additive for 6 months to see if their gas mileage improves. 225 of the 300 randomly selected Prius owners agree to the offer, 50 of those drop out of the project after 1 month, another 50 drop out after 2 months, and 25 more drop out after 3 months. The rest remain for the duration of the project. Using the intention to treat method, the results from how many of the Prius owners who were randomly selected should be included in the research project?
A. 100 B. 200 C. 225 D. 300