Between 1986 and 2010, the top marginal personal income tax rate was 40 percent or less compared to 70 percent or more prior to 1981 . Compared to the earlier time period, in recent years the share of personal income taxes paid by high income taxpayers
a. has been lower.
b. has been virtually unchanged.
c. has been higher.
d. increased in the late 1980s, but has been falling ever since.
C
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Refer to Figure 3.2. Betty's dominant strategy is
A) North. B) West. C) East. D) Betty has no dominant strategy.
If the cross elasticity of demand for DVD players and DVDs equals -2, then the products are
A) unrelated. B) complements. C) inferior goods. D) substitutes. E) normal goods.
A successful local entrepreneur opens up the only Chevrolet dealership in a medium sized Texas town. Why does this not necessarily constitute a monopoly position?
What will be an ideal response?
Which of the following is an extreme form of risk associated with investing in a foreign country?
a. Credit risk b. Labor unrest c. Expropriation d. Immigration rules