A consumption tax is usually collected on

a. wages and salaries.
b. interest income.
c. dividend income.
d. None of these.


d. None of these.

Economics

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Suppose the inflation rate target is "0" and the long run federal funds target is also "0." If the federal funds rate set using the Taylor rule is 2% and output is above trend output by 1%, the inflation rate is ________

A) 3% B) 2.5% C) 1% D) -0.5%

Economics

According to the 2007/2008 United Nations Human Development Report, the Gini ratio for Portugal is 38.5, Norway is 25.8, the United States is 40.8, and Russia is 39.9. Which of these four countries has the lowest level of income equality?

A) Portugal B) United States C) Norway D) Russia

Economics

The additional cost to a producer of hiring an additional unit of labor is called the marginal cost

Indicate whether the statement is true or false

Economics

If a firm produces 10 units, TC=$100 . When the firm increase its output to 15 units, TC= $150 . The firm's variable costs equal to

a. $50 b. $150 c. $25 d. $100

Economics