If you had a marginal tax rate of 15 percent and earned an extra $10,000, how much tax would you pay?
What will be an ideal response?
$1,500
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In the above figure, the equilibrium interest rate is ________ and the equilibrium quantity of money is ________ trillion
A) 4 percent; $1.2 B) 8 percent; $1.2 C) 4 percent; $0.6 D) 8 percent; $0.6 E) 0 percent; $1.2
In countries with low levels of income: a. the opportunity cost of an education is higher than in high-income countries. b. illiteracy rates are higher than in high-income countries
c. economies are primarily agricultural-based. d. all of the above tend to be true.
Which of the following exchange rate systems is in the right order, from MOST control to LEAST control?
a. floating, fixed, managed float b. fixed, floating, managed float c. managed float, floating, fixed d. fixed, managed float, floating
Refer to the data provided in Table 17.1 below to answer the following question(s). The table shows the relationship between income and utility for Jane.Table 17.1 IncomeTotal Utility $00$20,00025$40,00045$60,00060$80,00070Refer to Table 17.1. Suppose Jane has a 1/3 chance of becoming disabled in any given year. If she does become disabled, she will earn $0. If Jane does not become disabled, she will earn her usual salary of $60,000. Jane has the opportunity to purchase disability insurance which will pay her her full salary in the event she becomes disabled. On average, how much would such a contract cost the insurance company (per person)?
A. $20,000 B. $30,000 C. $40,000 D. $60,000