When externalities are present, reaching an efficient outcome is especially difficult when the number of interested parties is large
a. True
b. False
Indicate whether the statement is true or false
True
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Roughly 160 million people in the United States hold jobs.
Answer the following statement true (T) or false (F)
A currency drain occurs when the
A) Fed increases the required reserve ratio. B) Fed sells U.S. government securities. C) non-bank public increases its holdings of currency outside the banking system. D) banks reduce the number of loans they create with their excess reserves. E) Fed buys U.S. government securities.
Which of the following is one of the arguments for tariffs?
a. encouraging dumping b. protecting against dumping c. managing exchange rates d. managing interest rates
Taxable Income Taxes $0 - $23,000 17% of taxable income $23,001 - $42,000 $3,900 + 20% of everything over $23,000 $42,001 - $100,000 $7,710 + 30% of everything over $42,000 Greater than $100,000 $25,110 + 33% of everything over $100,000 Refer to Exhibit 11-4. If a person’s taxable income is $30,000, how much does he pay in taxes?
a. $6,000 b. $1,400 c. $5,300 d. $4,85011-9