In the United States in 2014, the highest marginal tax rate for individual income taxes was 39.6%
Indicate whether the statement is true or false
TRUE
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Office Paper is an office supply firm. If the managers of Office Paper sell 5,000 boxes of staples a year and each order contains 500 boxes of staples, how many orders will the managers submit a year?
A) 10 B) 5,000 C) 500 D) 50
An example of a good or service that would not count in the U.S. GDP would be:
A. a t-shirt made by The Gap in Cambodia. B. a t-shirt made by Organi-tee in Oregon. C. a TV made by Toshiba in Georgia. D. a bottle of water made by Poland Springs in Maine.
Which of the following, if successful, always results in a complete cessation of trade in a certain product?
a. an import quota b. an embargo c. a trading bloc d. a voluntary restraint agreement
If nominal GDP is 8,100 billion florins and the money supply is 900 billion florins, the velocity of circulation is
A. 900.0. B. 90.0. C. 81.0. D. 9.0. E. 8.1.