In the United States, the top 1% of income earners face an average federal tax rate of ________ and contribute ________ of all federal tax dollars received
A) 73%; 49.5%
B) 20%; 5%
C) 24%; 9.1%
D) 29.4%; 24.2%
D
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"The value of the next best alternative" defines
A. the Law of Increasing Costs. B. the economic problem. C. allocative efficiency. D. opportunity cost.
If the government begins to run a larger budget deficits, then assuming there is no Ricardo-Barro effect, the demand for loanable funds ________ and the real interest rate ________
A) decreases; falls B) decreases; rises C) increases; rises D) increases; falls
According to the above figure, what are the profits of the firm if it produces 50,000 units?
A) -$5,000 per day B) -$10,000 per day C) -$7,500 per day D) -$17,500 per day
In the nonstrategic view of bargaining
a. The first-mover usually gains more b. The second-mover usually gains more c. The gains are usually split evenly d. We can say little about how the gains are shared