A corporation is the type of business that has ________ government rules and regulations affecting it
A) the fewest B) no C) only federal D) the most
D
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The marginal cost of an activity is the:
A. the total cost of the activity divided by the change in the level of the activity. B. change in the level of the activity divided by the change in the cost of the activity. C. the total cost of the activity divided by the level of the activity. D. change in the total cost of the activity that results from carrying out an additional unit of the activity.
Which of the following leads to a decrease in real GDP?
A) an increase in interest rates B) an increase in government spending C) an increase in the inflation rate in other countries, relative to the inflation in the United States D) Households have increasingly optimistic expectations about future income.
For an oligopoly, when the quantity effect does not outweigh the price effect, the firm:
A. has an incentive to increase output. B. has no incentive to decrease output. C. has no incentive to increase output. D. None of these statements is true.
If your income is $40,000 and your income tax liability is $5,000 . your
a. marginal tax rate is 8 percent. b. average tax rate is 8 percent. c. marginal tax rate is 12.5 percent. d. average tax rate is 12.5 percent.