The marginal tax rate for an unmarried taxpayer in the highest taxable income category for 2013 is approximately
a. 80 percent.
b. 50 percent.
c. 40 percent.
d. 20 percent.
c
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Sonia works at a restaurant where tips are pooled and divided equally. Anna works at a different restaurant where she keeps the tips her customers leave for her. Which of the following is true?
a. Both work equally hard because their hourly wage from the employer is low, and they can make up for this with tips. b. Sonia works harder, because she receives the same amount of tips as other workers. c. Anna works harder, because she works at an expensive restaurant. d. Anna works harder, because her tips are her private property. e. Neither of them has an incentive to work hard because tips are a small part of their earnings.
What determines the position and shape of a society's production possibilities curve?
a. the physical resources of that society b. the level of technology of the society c. the number of factories available to the society d. all of the above
This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.
According to the graph shown, if this economy were an autarky, consumers would get area ________ in consumer surplus:
A. ABCDE. B. ABC. C. A. D. ABCDEFG.
If the economy is at Point A in the Phillips curve graph shown, in the long run, the unemployment would be expected to:
A. decrease. B. immediately fall to zero. C. increase. D. remain constant.