When yield curves are downward sloping
A) long-term interest rates are above short-term interest rates.
B) short-term interest rates are above long-term interest rates.
C) short-term interest rates are about the same as long-term interest rates.
D) medium-term interest rates are above both short-term and long-term interest rates.
B
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If the demand curve for hamburgers is downward sloping and the supply curve for hamburgers is upward sloping, then a tax imposed on hamburgers ________ the price paid by buyers and ________ the price received by sellers.
A) lowers; lowers B) raises; raises C) raises; lowers D) lowers; raises E) does not change; does not change
Featherbedding ultimately results in greater worker efficiency and therefore greater productivity and higher wages
a. True b. False
Hunter is an ambitious, competitive person who has always tried to be the best at everything he does. Consider the following job options facing Hunter and choose the option that will likely afford him the highest wage
a. elementary school teacher who works 9 months of the year b. manager in a large firm who earns an annual salary with no potential for bonuses or commissions c. salesperson who earns a small base salary plus a percentage of the sales he makes d. local television news anchor who works during the day
The marginal income tax rate applies to
A. the income in the highest tax bracket reached. B. the income received by people above the national average. C. all income earned by a family. D. the income of the highest income U.S. taxpayers.