The percentage of income transfers that go to their intended recipients and purposes refers to the
A. Target efficiency.
B. Efficiency coefficient.
C. Market efficiency.
D. Target welfare population.
Answer: A
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Suppose the market-clearing price of wheat is $2.50 per bushel. At a price below $2.50,
A) supply would equal demand. B) quantity supplied would equal quantity demanded. C) quantity supplied would exceed quantity demanded. D) quantity supplied would be less than quantity demanded.
According the Coase Theorem, the private sector can achieve social efficiency if the government:
a. establishes and enforces property rights. b. imposes taxes to serve as proxies for external costs. c. set rigorous environmental standards. d. encourages competition with antitrust laws.
Suppose the government imposes a tax of 20 percent on the first $50,000 of income and 30 percent on all income above $50,000 . What is the marginal tax rate when income is $60,000?
a. 10 percent b. 20 percent c. 30 percent d. 50 percent
When disposable income is 6,000 savings is
A. -2100.
B. 0.
C. 2100.
D. 3900.