When applying the marginal principle, you should pick the level at which the activity's marginal benefit equals its marginal cost
Indicate whether the statement is true or false
TRUE
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Goods commonly produced by colonial households included:
a. clothing. b. bread and hardtack. c. beer and whiskey. d. jellies and jams. e. All of the above.
Political business cycles result:
a. from the economic fluctuations that occur when discretionary policy is manipulated for political gain. b. from the recessionary gap that occurs when output falls short of the economy's potential c. from the expansionary gap that occurs when output exceeds the economy's potential. d. when the spending multiplier is manipulated for political gain. e. from the economic fluctuations that occur when automatic stabilizers are manipulated for political gain.
Describe the advantages that a negative income tax has over other programs that have the same purpose
Serena purchased 10 shares of GLC, Inc stock for $200 per share; one year later she sold the 10 shares for $220 a share. Over the year, the price level increased from 135.0 to 143.1 . The tax rate on capital gains is 50 percent. If the capital gains tax is on nominal gains, how much tax does Serena pay on her gain?
a. $90 b. $95 c. $100 d. None of the above is correct.