For the top 1 percent of income distribution, the share of federal individual income taxes paid by households in this group in 2015 was ________ percent
A) 9 B) 17 C) 44 D) 68
C
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Referring to Figure 19.1, the peso is likely to appreciate if the exchange rate is either ________ or ________ pesos to the dollar
A) 10; 11 B) 11; 12 C) 12; 13 D) 13; 14
Suppose demand can be described with the equation Q = 900?5P and supply with the equation Q = 100 + 5P. a. Determine the equilibrium price and quantity. b. Determine the surplus or shortage if the price were $100. ?
What will be an ideal response?
If an economy uses silver as money, then that economy's money
a. serves as a store of value but not as a medium of exchange. b. serves as a medium of exchange but not as a unit of account. c. is commodity money. d. has no intrinsic value.
The demand curve that a monopolist faces is:
A. the market demand curve. B. the same as the demand curve that faces a perfectly competitive firm. C. not affected by changes in the prices of other goods. D. generally flatter than the demand curve that faces a perfectly competitive firm.