In the leisure-income model, taxing income causes
A. the budget constraint to kink.
B. males to work to change their work habits dramatically.
C. utility to increase.
D. all of these answer options are correct.
A. the budget constraint to kink.
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The relationship between tax rates and tax revenues is shown on the
A) IRS curve. B) production possibilities frontier. C) Laffer curve. D) Discretionary Spending curve.
If a borrower takes out a $200 million loan in a repo agreement and is asked to post $220 million of mortgage-backed securities as collateral, the "haircut" is
A) 5%. B) 10%. C) 20%. D) 50%.
Payments by the government to the public for which the government receives no current goods or services in return are called:
A. capital losses. B. net taxes. C. public saving. D. transfer payments.
An indifference curve shows the various consumption bundles that result in the same level of well-being for an individual.
Answer the following statement true (T) or false (F)