An increase in personal income tax rates would tend to reduce
A. gross investment.
B. consumption.
C. government purchases.
D. net exports.
Answer: B
You might also like to view...
Paul Bergen and Virginia Clancy each own a 100-acre soybean farm in Soyburg, Illinois. Together they grow 1/1000th of 1 percent of the nation's soybeans. When they merge, it will:
a. b and e. b. be a horizontal merger. c. reduce competition in the soy market. d. increase the market power of Paul and Virginia. e. probably go unnoticed outside of Soyburg.
The WTO functions as:
A. The enforcer of trade rules for the world. B. An international informant on terrorism. C. An international weapons inspector. D. The international authority on currency exchange.
Which of the following is true under perfect competition?
A. P > MC. B. P = MR. C. Profits are always positive. D. All of the choices are true for perfect competition.
As an individual consumes more of a product within a given period of time, it is likely that each additional unit consumed will yield
A. the same amount of satisfaction. B. less satisfaction for a while and then start to add more satisfaction. C. successively less satisfaction. D. successively more satisfaction.