The Federal Reserve was created in 1913 after a series of bank failures in 1907
a. True
b. False
Indicate whether the statement is true or false
True
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The marginal income tax rate is the ________
A) total tax paid by an individual divided by the total income earned B) difference between the highest and lowest income tax rates charged by a state C) percentage of the last dollar earned that a household pays in taxes D) total revenue received by the government divided by the number of taxpayers
Suppose that you purchase a Korean government bond and the number of won needed to purchase one dollar increases. Your return on the bond:
A. decreases by more than the amount of the dollar's appreciation. B. decreases by the amount of the dollar's appreciation. C. increases by the amount of the dollar's appreciation. D. decreases by less than the amount of the dollar's appreciation.
Over the last three decades the "college premium" has ________ because of ________.
A. increased; technological advances B. decreased; technological advances C. increased; racial and gender discrimination D. decreased; laws that prohibit discrimination
Of the collection of supply and demand diagrams in Figure 2.2, which one shows the result of an increase in the taste for a good?
A. Figure 1 B. Figure 2 C. Figure 3 D. Figure 4