The tax that brings in the most revenue in the United States is the
A) capital gains tax.
B) corporate income tax.
C) Social Security tax.
D) personal income tax.
D
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Everything else held constant, an increase in expected inflation, lowers the expected return on ________ compared to ________ assets
A) bonds; financial B) bonds; real C) real estate; financial D) real estate; real
Explain why economists abandoned the Humphrey-Hawkins Act of 1978 as target policy
The difference between the price of electronic equipment in a retail store and on the Internet partly reflects:
A. the value of personal attention and support at a retail store. B. the extent to which middlemen drive the price up for extra profit. C. excessive markup. D. the lack of competition between brick and mortar stores and online stores.
Suppose the equilibrium price in the market is $24 and the price elasticity of demand for the linear demand function at the market equilibrium is ?1.5. Then we know that:
A. marginal revenue is $8. B. demand is unit elastic. C. demand is inelastic. D. marginal revenue is $20.