Refer to Figure 34.3. The implied marginal tax rate is
A. 100 percent.
B. 0 percent.
C. Greater than 100 percent.
D. 50 percent.
Answer: A
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The U.S. government has two different methods to deal with illegal drug use. First, the government has tried a "war on drugs", with the idea of keeping illegal drugs out of the country
Second, the "Just say no" campaign has been used to make individuals more aware of the harmful effects of drugs. Use supply and demand to analyze the effects of these two separate policies.
When women and members of other minority groups are forced into occupations where they are unable to obtain the human capital necessary to compete for high paying jobs, it is termed as statistical discrimination
a. True b. False Indicate whether the statement is true or false
The budget constraint shows the
A) combinations of goods that generate the same amount of total satisfaction. B) possible combinations of goods that can be purchased with a specified income. C) changes in consumption of goods that a consumer makes when his income increases. D) amount of a good the consumer will buy at various prices.
Your loss from an increase in interest rates is ________, and your gain from a decrease in interest rates is ________, if you hold a two-year bond compared to holding a one-year bond
A) greater; greater B) greater; less C) less; greater D) less; less