The ________ tax rate is the tax rate paid on any additional income earned.
A. proportional
B. average
C. marginal
D. total
Answer: C
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Refer to Figure 15-4. What is likely to happen to this monopoly in the long run?
A) It will be regulated by the government because of its excess profits. B) New firms will enter the market to eliminate its profits. C) It will expand its output to take advantage of economies of scale so as to further increase its profit. D) As long as there are entry barriers, this firm will continue to enjoy economic profits.
Larry buys stock in A to Z Express Company. Curly Corporation builds a new factory. Whose transaction would be an act of investment in the language of macroeconomics?
a. only Larry's b. only Curly Corporation's c. Larry's and Curly Corporation's d. neither Larry's nor Curly Corporation's
If you buy food which then is put on special at half price just after you paid,
A. your welfare will not change since you just finished your shopping. B. you will be disappointed and be worse off. C. you will be better off because you will go back to get some more food at bargain prices. D. logic cannot lead to an answer to this question even if you have a typical preference pattern.
The Federal Open Market Committee makes decisions about ________ policy.
A. monetary B. banking C. deposit insurance D. fiscal