Tax incidence is affected by the:
A. Gini coefficent and poverty levels
B. Price elasticity of demand and supply for a product
C. Lorenz curve predictions about taxation
B. Price elasticity of demand and supply for a product
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If the federal funds rate is set by the Taylor rule and the inflation rate increases by 3 percentage points, everything else remaining unchanged, for a given inflation target, the federal funds rate should ________
A) increase by 3 percentage point B) decrease by 3 percentage points C) increase by 4.5 percentage points D) decrease by 1.5 percentage points
The above figures show the market for hamburger meat. Which figure(s) shows the effect of a new report by the U.S. Surgeon General that beef consumption is healthier than previously believed?
A) Figure A B) Figure B C) Figure D D) Figure A and B
Joe's Juice Shop operates in a monopolistically competitive market. Joe's is currently producing where its average total cost is minimized. In the long run we would expect Joe's output to
a. decrease and average total cost to increase. b. decrease and average total cost to decrease. c. remain unchanged as Joe's is doing the best it can. d. increase and average total costs to decrease.
Mutual funds, pension plans, and life insurance policies:
A. are all forms of savings. B. all entrust a professional to decide which financial assets are the best for the saver to hold. C. differ regarding when you can have access to the asset's worth. D. All of these are true.