On the graph showing the Laffer curve, if an economy is using a tax rate at point D, it could increase revenues by moving the tax rate to point ______.
a. A
b. B
c. C
d. E
c. C
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Suppose residents of Toadhop live on the Quabache River, a river prone to flooding. Suppose there are 1000 (type A) people who value flood control more than the 1000 (type B) people. Type A Demand QD = 100 ? P Type B Demand QD = 50 ? P Where Q measures the quality of flood control. If the price of a unit of flood control is $100,000 and the citizens of Toadhop gather for a townhall meeting to
find the socially optimal level of flood control, and they are successful, how much will type B individuals contribute per unit of flood control? a. 25 b. 50 c. 75 d. 100
If a wage profile is relatively flat, wage compression may be present
Indicate whether the statement is true or false
A _____ is a certificate of indebtedness and a _____ is a claim to partial ownership in a firm
Fill in the blank(s) with correct word
Which of the following is not a primary determinant of consumption spending?
A. Wealth B. Rate of return on capital C. Real income D. Interest rates on savings