The basic idea behind a negative income tax is to
a. help local government agencies deliver more services to the poor.
b. increase the in-kind income of the poor.
c. help the poor get job skills.
d. help the poor without destroying incentives to work.
d
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The Basel Accord requires banks to hold as capital an amount that is at least ________ of their risk-weighted assets
A) 10% B) 8% C) 5% D) 3%
Suppose the cost of producing cellular phones declines from $25 to $20 . If buyers' valuations remain fixed at $30, the transaction would create _____ more economic value
a. $10 b. $5 c. $2 d. $15
The demand faced by firms within which of the following industries is most nearly horizontal?
a. steel b. computer operating systems c. vegetables d. automobiles e. books
In a barter system, there are
A. goods traded directly for other goods and services. B. many different units of money. C. financial institutions to facilitate all exchanges. D. money and goods exchanged for each other.