The highest federal personal income tax bracket is _____ percent.
A. 28
B. 35
C. 36
D. 50
B. 35
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The curve in the above figure will shift to the right when
A) the price level falls. B) the proportion of the population that is elderly increases. C) population falls. D) technology increases.
An increase in the interest rate should ________ the demand for dollars and the value of the dollar, and net exports should ________
A) increase; increase B) increase; decrease C) decrease; decrease D) increase; not change E) decrease; increase
Is peak pricing economically efficient? Explain. Give an example to illustrate your answer.
What will be an ideal response?
Figure 9.3Figure 9.3 shows the cost structure of a firm in a perfectly competitive market. The firm will stay in the market in the long run only if the market price is greater than or equal to:
A. $4.50. B. $6. C. $10. D. $15.