A tax levied on the sellers of a good shifts the
a. supply curve upward (or to the left).
b. supply curve downward (or to the right).
c. demand curve upward (or to the right).
d. demand curve downward (or to the left).
a
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According to the Laffer curve, when the tax rate is 100 percent, tax revenue will be:
a. 0. b. at the maximum value. c. the same as it would be at a 50 percent tax rate. d. greater than it would be at a 50 percent tax rate. e. the same as it would be at a 20 percent tax rate.
Which of the following is not a direct determinant of net export spending?
A. Domestic income. B. Foreign income. C. Interest rates. D. Exchange rates.
A natural experiment occurs when an endogenous event changes the environment in which individuals, families, firms, or cities operate.
Answer the following statement true (T) or false (F)
Pay disparity by race:
A. is caused by a combination of discrimination and differences in skills. B. is caused solely by discrimination. C. is caused solely by differences in skills. D. has disappeared in the last five years.