When tax rates fall, people tend to: When tax rates fall, people tend to: When tax rates fall, people tend to: When tax rates fall, people tend to:
A. increase the amount they work a great deal.
B. hardly increase the amount they work.
C. hardly decrease the amount they work.
D. decrease the amount they work, although to what degree is still being researched.
B. hardly increase the amount they work.
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Protectionism
A) is the use of cheap labor to protect firms from paying high wages. B) refers to the use of copyright and trademark laws to protect inventors and artists from losing the rights to their creative efforts. C) is the use of trade barriers to protect domestic firms from foreign competition. D) refers to reductions in tariffs and other barriers that protect consumers from paying high prices.
Suppose a Treasury bond will mature in 3 years. If the bond pays a coupon of $100 per year and will make a final par value payment of $3,000 at maturity, what is its price if the relevant market interest rate is 7%?
A) $2,448.89 B) $2,711.33 C) $3,247.57 D) $3,510.00
The following is NOT an example of a potential monitoring solution to moral hazard
a. blocking social network sites on company computers b. rejecting a job candidate that fails to show up at the allotted interview time c. GPS tracking devices in repair trucks d. listening in on call center conversations
A tax for which the rate varies directly with the income of the person taxed is known as a(n):
a. regressive tax. b. progressive tax. c. proportional tax. d. flat tax. e. excise tax.