To an economist, the word 'marginal' means:
A) total.
B) average.
C) next or additional.
D) sunk.
E) none of these choices.
C
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A way governments have of financing their deficits without having to pay interest is to
A) issue currency. B) sell bonds to financial intermediaries. C) borrow directly from financial intermediaries. D) sell bonds in the direct finance market.
In choosing the form of a tax, there is often a tradeoff between
a. allocative and productive efficiency. b. profits and revenues. c. efficiency and fairness. d. fairness and profits.
Which of the following is correct? Gross private domestic investment:
a. Includes government spending when it is for construction that will aid businesses. b. Includes investment spending to replace depreciated machinery. c. Includes stock and bonds. d. Excludes spending for new residential housing. e. All of the above are correct.
In 2011, the top 25 percent of income earners in the U.S. (by the size of their taxable incomes) paid about __________ percent of the total federal income taxes
A) 25 B) 30 C) 54 D) 65 E) 86