One tax system is less efficient than another if it
a. places a lower tax burden on lower-income families than on higher-income families.
b. places a higher tax burden on lower-income families than on higher-income families.
c. raises the same amount of revenue at a higher cost to taxpayers.
d. raises less revenue at a lower cost to taxpayers.
c
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Under the non-strategic view of bargaining, the terms of agreement are determined by
a. Your opponent's outside options b. Your outside options c. Your opponents gain from agreement d. All of the above
The monopolistically competitive firm in short-run equilibrium
a. faces a downward-sloping demand curve. b. has a marginal revenue curve which lies below its demand curve. c. maximizes profit where MR = MC. d. All of the above are correct.
In an economy with a population of 100 million persons, 50 million hold civilian jobs and 20 million are not working but are looking for a job. The number of persons in the civilian labor force is
A) 50 million. B) 70 million. C) 170 million. D) 180 million..
If the MPS in an economy is .4, government could shift the aggregate demand curve leftward by $50 billion by
A. increasing taxes by $250 billion. B. reducing government purchases by $20 billion. C. increasing taxes by $50 billion. D. reducing government purchases by $125 billion.