Compared to 1980, the top marginal federal income tax rate today is
a. substantially lower and the rate structure is less progressive than in 1980.
b. substantially lower and the rate structure is more progressive than in 1980.
c. substantially higher and the rate structure is less progressive than in 1980.
d. substantially higher and the rate structure is more progressive than in 1980.
A
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Refer to the figure above. How many units of Good X will be demanded if the government sets a price ceiling of Pc on the good?
A) 0 units B) 10 units C) 25 units D) 35 units
Bill purchases property insurance for his office building, which includes coverage for fire damage. The policy offers premium discounts for smoke detectors, fire alarms, fire extinguishers and sprinkler systems
This is an incentive system to help avoid A) adverse selection. B) moral hazard. C) optimal-stopping. D) none of the above
One problem with the absolute approach to poverty is that there is no agreement as to which goods and services to include in the definition
Indicate whether the statement is true or false
Suppose hypothetically that the consumer price index (CPI) was 150 in Year 1 and was 180 in Year 2 . What would be the inflation rate for this period?
a. 12 percent. b. 16.7 percent. c. 20 percent. d. 30 percent.