How much revenue will the government raise each week from the tax?
A. $8 million
B. $10 million
C. $20 million
D. $40 million
A. $8 million
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The government in the country of Zappoo is trying to decide which tax plan to implement. The table above shows three alternative plans. If the government decides to implement a proportional income tax, it will implement tax plan ________
A) A B) B C) C D) None of the above because none of the above are proportional taxes.
Which of the following is least likely to be considered a capital input?
A) a sewing machine B) a tractor C) a telephone D) a ten dollar bill
The battery packs used in electric and hybrid automobiles are one of the largest cost components for manufacturing these cars. As the price of these batteries decline, we expect that the:
A) supply curve for electric and hybrid autos will shift rightward. B) supply curve for electric and hybrid autos will shift leftward. C) demand curve for electric and hybrid autos will shift rightward. D) demand curve for electric and hybrid autos will shift leftward.
Assuming all excess reserves are loaned out, if the reserve ratio is 40 percent, the money multiplier will be equal to:
A. 2. B. 2.5. C. 4. D. 6.