Whether we look at marginal tax rates or average tax rates, the U.S. income tax is
a. progressive
b. based on the benefits received
c. proportional
d. regressive
e. All of the answers are correct.
A
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Refer to Figure 4-1. What is the total amount that Kendra is willing to pay for 2 ice cream cones?
A) $1.50 B) $3.00 C) $5.50 D) $6.50
According to Chamberlin, the fact that in the long run average total cost exceeds its minimum value under monopolistic competition is
A) the social cost of monopolistic competition. B) the most important reason for why monopolistic competition is not efficient. C) part of the cost of producing different products for consumers. D) actually beneficial because it makes adjustments easier when demand increases.
In 2013, the U.S. spending on research and development was:
a. the lowest among developed countries b. more than any other country c. more than most countries, but not China d. consistent with spending on R&D in 2012
Which of the following statements is most correct?
A. If the U.S. $ is depreciating relative to the euro it is likely depreciating relative to all currencies. B. If the U.S. $ is appreciating relative to the euro, the euro is likely depreciating relative to the yen. C. If the U.S. $ depreciates relative to the yen, then it is likely also depreciating relative to the euro. D. If the U.S. $ is appreciating relative to the yen, the yen is depreciating relative to the U.S. $.