The basic tax rate on taxable corporate income is:
A. 15 percent.
B. 22 percent.
C. 35 percent.
D. 52 percent.
Answer: C
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Human capital differs from physical capital in that
a. human capital is intangible. b. human capital is tangible. c. physical capital is intangible. d. human capital has no cost to acquire.
The market equilibrium for a public good occurs at the intersection of the:
a. market supply curve and the individual demand curve. b. market supply curve and the marginal benefit curve. c. market supply curve and the market demand curve. d. social cost curve and the market demand curve.
Which of the following would not be a policy option to eliminate an AD shortfall?
A. Reduce transfer payments. B. Increase transfer payments. C. Increase government purchases. D. Reduce taxes.
Suppose that opportunity costs are constant and that Gorge can either bake a maximum of six pies or three cakes in a day. Brandi can either produce a maximum of eight pies or two cakes in a day. Brandi's opportunity cost to produce one cake is
A. six pies. B. two pies. C. four pies. D. one-half pie.