When considering changes in tax policy, economists usually focus on
A) people's ability to pay taxes. B) the marginal tax rate.
C) the average tax rate. D) people's willingness to pay taxes.
B
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In the political market place, typical voters
A) support policies that they think will make the poor better off. B) fire bureaucrats who support efficient policies. C) are fully informed. D) are sometimes rationally ignorant about a policy.
What does the supply curve tell us about the producer's minimum supply price?
What will be an ideal response?
Researchers have found that once workers become ineligible for unemployment insurance, they become twice as likely to take a job. From this finding we may infer that unemployment insurance causes a(n) ________ in ________ unemployment
A) decrease; structural B) increase; frictional C) increase; structural D) decrease; cyclical
Along an indifference curve for goods X and Y, the vertical and horizontal axes measure the:
a. prices of X and Y. b. total utilities of X and Y. c. quantities of X and Y. d. marginal utilities of X and Y.