Increasing the income tax rate ________ the ________
A) does not change; supply of labor
B) decreases; supply of labor
C) increases; supply of labor
D) decreases; demand for labor
E) increases; demand for labor
B
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In the short run, there is a positive relationship between: a. inflation and unemployment
b. inflation and real GDP. c. the actual price level and the aggregate quantity supplied. d. the actual price level and unemployment. e. the actual price level and consumption spending.
Assume that coffee and tea are substitutes for each other. If weather conditions cause a substantial portion of the available coffee crop to be destroyed, then most probably: a. the price of tea will decrease
b. the price of coffee will decrease. c. the price of tea will increase d. none of the above
Polly estimates that if she spends another $10,000 to upgrade the computer equipment at her tax preparation company, the number of tax returns she can handle will increase from 200 to 280 . She charges an average of $50 to do each tax return. The MRP per dollar of this $10,000 upgrade is
a. $10,000 b. 25 percent c. $4,000 d. 100 percent e. 40 percent
In a sequential game:
A. neither player ever has any advantage. B. the first player always has the advantage. C. either player could have the advantage depending on the game. D. the second player always has the advantage.