Everything else held constant, abolishing the individual income tax will
A) increase the interest rate on corporate bonds.
B) reduce the interest rate on municipal bonds.
C) increase the interest rate on municipal bonds.
D) increase the interest rate on Treasury bonds.
C
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The quantity of labor demanded is the labor hours all
A) firms plan to hire at a given real wage rate. B) firms plan to hire at a given nominal wage rate. C) employees plan to work at a given real wage rate. D) employees plan to work at a given nominal wage rate. E) Both answers A and C are correct.
Congress passed the Clean Air Act in 1970. Since this act was passed, emissions of the six main air pollutants
A) have increased significantly due to the growth of the U.S. economy. B) cannot be measured since Congress failed to appropriate money to monitor the level of emissions. C) have fallen by more than one-half. D) have remained essentially constant, even though significant economic growth has occurred in the United States since 1970.
A society will be at a point inside its production possibilities curve whenever
a. all resources are fully employed. b. income is equally distributed. c. some resources are unemployed. d. resources are scarce.
Complete this sentence in a way that shows causation. When Nathan ran up a steep hill, ______.
a. a car pasted him by b. the sun rose over the horizon c. he pulled a leg muscle d. a plane flew over head