One consequence of raising tax rates is that it
a. provides an added incentive to work
b. provides less incentive to participate in the underground economy
c. always increases total tax revenues
d. leads to less underreporting of income
e. leads to more underreporting of income
E
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The t-statistic is computed by
A) dividing the regression coefficient by the standard error of the estimate. B) dividing the regression coefficient by the standard error of the coefficient. C) dividing the standard error of the coefficient by the regression coefficient. D) dividing the R2 by the F-statistic.
When people smoke cigarettes, their friends and family members may become sick. This affects GDP by
A. reducing GDP by the amount of medical care needed. B. reducing GDP by the cost of the cigarettes purchased. C. increasing GDP by the cost of the medical care and the cost of the cigarettes purchased. D. decreasing GDP by the cost of the medical care and increasing GDP by the cost of the cigarettes purchased.
The cost of debt can be found on a firm's
A) 1099 form. B) 5013c release. C) balance sheet. D) 10K.
If electric utilities continually reduce their emissions of sulfur? dioxide
A) the utilities will eventually be forced to go out of business.
B) the marginal cost of further emissions will rise.
C) the marginal benefit of additional emissions will rise.
D) the total benefit of sulfur dioxide emissions will fall.