An decrease in the federal income tax is an example of ________ policy.
A. monetary
B. fiscal
C. structural
D. aggregation
Answer: B
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Katie had a before-tax income of $40,000 and paid taxes of $6,000 . Rinji had a before-tax income of $35,000 and paid taxes of $5,250 . Based on this information, the tax system is
a. There is insufficient information to answer the question. b. progressive c. based on the benefits received d. regressive e. proportional
Which of the following is generally NOT an example of a zero price?
A. Getting a refill of coffee at a restaurant B. Downloading another MP3 from iTunes C. Watching another movie on Netflix D. Sending another text message
If the value of a Nation's merchandise exports exceeds merchandise imports, the nation is running a
What will be an ideal response?
Normal profit implies that
A. Economic profit must be negative. B. Firms will expand their scale of production. C. The factors employed are earning as much as they could in the best alternative employment. D. Economic profit must be positive.